Crossmark Global Holdings Inc. Invests $714,000 in Lamb Weston Holdings Inc. (LW)
Crossmark Global Holdings Inc. bought a new position in shares of Lamb Weston Holdings Inc. (NYSE:LW) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 15,221 shares of the specialty retailer’s stock, valued at approximately $714,000.
Several other hedge funds and other institutional investors also recently modified their holdings of LW. Dimensional Fund Advisors LP boosted its position in shares of Lamb Weston Holdings by 23.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 342,995 shares of the specialty retailer’s stock worth $14,426,000 after buying an additional 64,340 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Lamb Weston Holdings in the 1st quarter worth about $3,441,000. State of Alaska Department of Revenue purchased a new stake in shares of Lamb Weston Holdings in the 2nd quarter worth about $175,000. Oregon Public Employees Retirement Fund boosted its position in shares of Lamb Weston Holdings by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 50,767 shares of the specialty retailer’s stock worth $2,236,000 after buying an additional 2,120 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Lamb Weston Holdings by 19.4% in the 2nd quarter. LS Investment Advisors LLC now owns 11,193 shares of the specialty retailer’s stock worth $493,000 after buying an additional 1,815 shares in the last quarter. Institutional investors own 79.78% of the company’s stock.
Several equities research analysts recently commented on LW shares. Morgan Stanley reiterated an “equal weight” rating and issued a $46.00 price objective (up from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and issued a $53.00 target price on shares of Lamb Weston Holdings in a research note on Monday, September 25th. Finally, Bank of America Corporation boosted their target price on shares of Lamb Weston Holdings from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $50.63.
Lamb Weston Holdings Inc. (NYSE LW) opened at $53.39 on Wednesday. Lamb Weston Holdings Inc. has a one year low of $29.62 and a one year high of $54.01. The firm has a market cap of $7,716.28 and a PE ratio of 22.95. The company has a quick ratio of 0.67, a current ratio of 1.62 and a debt-to-equity ratio of -4.10.
Lamb Weston Holdings (NYSE:LW) last announced its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. Lamb Weston Holdings had a net margin of 10.31% and a negative return on equity of 50.81%. The firm had revenue of $817.50 million during the quarter, compared to the consensus estimate of $795.61 million. The company’s revenue was up 5.3% compared to the same quarter last year. equities analysts expect that Lamb Weston Holdings Inc. will post 2.36 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, November 2nd. Lamb Weston Holdings’s dividend payout ratio is currently 33.63%.
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Lamb Weston Holdings Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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