Gamco Investors INC. ET AL Decreases Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Gamco Investors INC. ET AL cut its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,613 shares of the specialty retailer’s stock after selling 1,044 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Lamb Weston were worth $709,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP increased its stake in Lamb Weston by 16.1% during the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock valued at $74,000 after purchasing an additional 170 shares during the last quarter. Blair William & Co. IL grew its position in shares of Lamb Weston by 3.2% during the 4th quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer’s stock valued at $476,000 after buying an additional 219 shares during the last quarter. Atria Investments Inc raised its stake in Lamb Weston by 3.2% during the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer’s stock worth $485,000 after acquiring an additional 227 shares during the period. Park Avenue Securities LLC boosted its stake 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 valued at $595,000 after acquiring an additional 239 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Lamb Weston by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 43,702 shares of the specialty retailer’s stock worth $2,921,000 after purchasing an additional 253 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.1 %

LW stock opened at $53.45 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The firm has a market cap of $7.54 billion, a PE ratio of 21.13, a P/E/G ratio of 1.40 and a beta of 0.48. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.51. The firm has a 50 day simple moving average of $53.86 and a 200 day simple moving average of $64.64.

Lamb Weston (NYSE:LW) last issued its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm posted $1.20 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Equities research analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is currently 58.04%.

Analyst Ratings Changes

LW has been the topic of several analyst reports. Jefferies Financial Group dropped their target price on Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Barclays decreased their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research note on Monday, February 24th. Finally, Stifel Nicolaus lowered their target price on shares of Lamb Weston from $68.00 to $63.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston has an average rating of “Hold” and a consensus target price of $71.27.

Lamb Weston Company 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.