Keating Investment Counselors Inc. Sells 500 Shares of Lamb Weston Holdings Inc (NYSE:LW)

Keating Investment Counselors Inc. cut its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 0.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,213 shares of the specialty retailer’s stock after selling 500 shares during the period. Lamb Weston comprises approximately 3.8% of Keating Investment Counselors Inc.’s investment portfolio, making the stock its 6th biggest holding. Keating Investment Counselors Inc. owned approximately 0.08% of Lamb Weston worth $7,304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Copper Rock Capital Partners LLC raised its stake in 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 in the last quarter. FMR LLC raised its stake in Lamb Weston by 311.9% in the second quarter. FMR LLC now owns 2,571,560 shares of the specialty retailer’s stock valued at $164,401,000 after purchasing an additional 1,947,227 shares in the last quarter. London Co. of Virginia raised its stake in Lamb Weston by 40.4% in the second quarter. London Co. of Virginia now owns 2,327,408 shares of the specialty retailer’s stock valued at $148,791,000 after purchasing an additional 670,128 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Lamb Weston by 115.9% in the second quarter. Teacher Retirement System of Texas now owns 1,189,192 shares of the specialty retailer’s stock valued at $76,025,000 after purchasing an additional 638,341 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Lamb Weston by 198.5% in the second quarter. Victory Capital Management Inc. now owns 673,475 shares of the specialty retailer’s stock valued at $43,056,000 after purchasing an additional 447,859 shares in the last quarter. Institutional investors own 96.34% of the company’s stock.

In related news, Director Robert A. Niblock bought 2,500 shares of Lamb Weston stock in a transaction that occurred on Thursday, July 30th. The shares were acquired at an average cost of $59.70 per share, for a total transaction of $149,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

A number of research firms recently commented on LW. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research note on Wednesday, October 7th. Zacks Investment Research raised Lamb Weston from a “sell” rating to a “hold” rating and set a $76.00 target price for the company in a research note on Thursday, October 8th. Finally, Bank of America boosted their target price on Lamb Weston from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $61.33.

Shares of Lamb Weston stock traded down $3.14 on Monday, hitting $68.97. The stock had a trading volume of 62,062 shares, compared to its average volume of 1,376,995. The stock has a 50 day moving average of $67.67 and a 200 day moving average of $63.41. Lamb Weston Holdings Inc has a twelve month low of $39.06 and a twelve month high of $96.32. The company has a debt-to-equity ratio of 8.98, a quick ratio of 2.58 and a current ratio of 3.44. The firm has a market capitalization of $10.55 billion, a P/E ratio of 31.22, a PEG ratio of 4.32 and a beta of 0.71.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Monday, October 12th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.31. Lamb Weston had a return on equity of 130.91% and a net margin of 9.24%. The company had revenue of $871.50 million during the quarter, compared to the consensus estimate of $873.60 million. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The firm’s revenue was down 11.9% compared to the same quarter last year. Equities analysts expect that Lamb Weston Holdings Inc will post 2.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 6th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, November 5th. Lamb Weston’s payout ratio is presently 36.80%.

Lamb Weston Company Profile

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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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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