Twin Capital Management Inc. Trims Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Twin Capital Management Inc. decreased its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,378 shares of the specialty retailer’s stock after selling 169 shares during the quarter. Twin Capital Management Inc.’s holdings in Lamb Weston were worth $581,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LW. VisionPoint Advisory Group LLC lifted its position in Lamb Weston by 113.4% during the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after buying an additional 161 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Lamb Weston during the second quarter worth approximately $29,000. Clear Street Markets LLC lifted its position in Lamb Weston by 92.5% during the first quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer’s stock worth $30,000 after buying an additional 136 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Lamb Weston by 330.1% during the first quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 482 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in Lamb Weston during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BNP Paribas assumed coverage on Lamb Weston in a research note on Monday, March 11th. They set an “outperform” rating and a $128.00 target price for the company. Wells Fargo & Company cut their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. Barclays cut their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. Stifel Nicolaus cut their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Citigroup dropped their price objective on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.40.

Lamb Weston Trading Up 0.9 %

NYSE:LW opened at $81.00 on Friday. The firm has a market cap of $11.70 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.31 and a beta of 0.72. The stock has a fifty day moving average price of $97.80 and a 200 day moving average price of $98.85. Lamb Weston Holdings, Inc. has a 12-month low of $77.41 and a 12-month high of $117.38. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the business posted $1.43 earnings per share. Sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 5.53 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.78%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

About Lamb Weston

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.