Moody Aldrich Partners LLC decreased its stake in Lamb Weston Holdings Inc (NYSE:LW) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,334 shares of the specialty retailer’s stock after selling 199 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Lamb Weston were worth $213,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Michigan Retirement System grew its position in shares of Lamb Weston by 11.4% in the second quarter. State of Michigan Retirement System now owns 37,323 shares of the specialty retailer’s stock valued at $2,386,000 after purchasing an additional 3,823 shares during the period. M&T Bank Corp grew its position in shares of Lamb Weston by 95.8% in the second quarter. M&T Bank Corp now owns 16,355 shares of the specialty retailer’s stock valued at $1,046,000 after purchasing an additional 8,000 shares during the period. Copper Rock Capital Partners LLC grew its position in shares of Lamb Weston by 9,840.0% in the second quarter. Copper Rock Capital Partners LLC now owns 10,946,042 shares of the specialty retailer’s stock valued at $78,298,000 after purchasing an additional 10,835,921 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Lamb Weston in the second quarter valued at about $1,663,000. Finally, Weatherly Asset Management L. P. acquired a new stake in shares of Lamb Weston in the second quarter valued at about $211,000. Institutional investors and hedge funds own 85.53% of the company’s stock.
In other news, Director Robert A. Niblock bought 2,500 shares of Lamb Weston stock in a transaction on Thursday, July 30th. The shares were bought at an average cost of $59.70 per share, with a total value of $149,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is owned by insiders.
Shares of NYSE:LW traded up $0.76 during midday trading on Friday, hitting $60.08. The company’s stock had a trading volume of 971,719 shares, compared to its average volume of 1,217,056. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.84 and a current ratio of 2.25. The business’s 50 day simple moving average is $64.89 and its 200 day simple moving average is $69.64. Lamb Weston Holdings Inc has a 12-month low of $39.06 and a 12-month high of $96.32. The company has a market cap of $8.78 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 7.58 and a beta of 0.82.
Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, July 28th. The specialty retailer reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). Lamb Weston had a return on equity of 183.08% and a net margin of 9.65%. The firm had revenue of $846.90 million for the quarter, compared to analysts’ expectations of $829.33 million. During the same period last year, the firm earned $0.74 earnings per share. Lamb Weston’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, sell-side analysts predict that Lamb Weston Holdings Inc will post 2.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, August 6th. Lamb Weston’s dividend payout ratio (DPR) is presently 36.80%.
About Lamb Weston
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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