Silvercrest Asset Management Group LLC Purchases New Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Silvercrest Asset Management Group LLC purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 172,767 shares of the specialty retailer’s stock, valued at approximately $11,546,000. Silvercrest Asset Management Group LLC owned about 0.12% of Lamb Weston as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LW. Principal Financial Group Inc. grew its position in Lamb Weston by 2.4% in the third quarter. Principal Financial Group Inc. now owns 165,953 shares of the specialty retailer’s stock worth $10,744,000 after acquiring an additional 3,927 shares during the period. Park Avenue Securities LLC grew its position in Lamb Weston by 2.8% in the fourth quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer’s stock worth $595,000 after acquiring an additional 239 shares during the period. Avanza Fonder AB purchased a new position in Lamb Weston in the fourth quarter worth approximately $927,000. HB Wealth Management LLC grew its position in Lamb Weston by 6.5% in the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after acquiring an additional 817 shares during the period. Finally, Liberty One Investment Management LLC grew its position in Lamb Weston by 697.4% in the fourth quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer’s stock worth $23,408,000 after acquiring an additional 306,343 shares during the period. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Up 3.9%

Shares of NYSE LW opened at $53.81 on Friday. The stock has a market cap of $7.59 billion, a P/E ratio of 21.27, a PEG ratio of 1.40 and a beta of 0.46. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $89.51. The business’s fifty day simple moving average is $53.03 and its 200-day simple moving average is $61.60.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. As a group, equities analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s dividend payout ratio is presently 58.04%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LW. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the stock a “hold” rating in a research report on Thursday, April 24th. Jefferies Financial Group lowered their price target on Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Barclays lowered their price target on Lamb Weston from $69.00 to $61.00 and set an “overweight” rating for the company in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company lowered their price target on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.91.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.