London Co. of Virginia Sells 19,158 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

London Co. of Virginia trimmed its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,685,618 shares of the specialty retailer’s stock after selling 19,158 shares during the quarter. London Co. of Virginia’s holdings in Lamb Weston were worth $179,480,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Lamb Weston by 16.1% in the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock valued at $74,000 after acquiring an additional 170 shares during the period. Blair William & Co. IL increased its position in shares of Lamb Weston by 3.2% in the 4th quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer’s stock valued at $476,000 after acquiring an additional 219 shares during the period. Atria Investments Inc increased its position in shares of Lamb Weston by 3.2% in the 4th quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer’s stock valued at $485,000 after acquiring an additional 227 shares during the period. Norinchukin Bank The increased its position in shares of Lamb Weston by 4.0% in the 4th quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer’s stock valued at $392,000 after acquiring an additional 227 shares during the period. Finally, Park Avenue Securities LLC increased its position in shares of Lamb Weston by 2.8% in the 4th 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. 89.56% of the stock is owned by institutional investors.

Lamb Weston Price Performance

NYSE:LW opened at $50.80 on Monday. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $7.17 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The stock’s 50-day moving average price is $53.05 and its 200-day moving average price is $62.38.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating 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 firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $1.20 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm 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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 58.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LW shares. Jefferies Financial Group cut 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. Deutsche Bank Aktiengesellschaft reissued 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 raised Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company cut their price target on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Finally, 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. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $70.64.

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.