Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 14.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,449 shares of the specialty retailer’s stock after purchasing an additional 5,349 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Lamb Weston were worth $2,813,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LW. City State Bank lifted its stake in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Crewe Advisors LLC lifted its position in Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 261 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Lamb Weston during the third quarter worth about $29,000. Riverview Trust Co acquired a new stake in shares of Lamb Weston during the third quarter valued at about $35,000. Finally, Family Firm Inc. purchased a new stake in shares of Lamb Weston in the 2nd quarter valued at approximately $36,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Performance

Shares of LW stock opened at $79.27 on Friday. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The company has a market cap of $11.30 billion, a P/E ratio of 18.61, a PEG ratio of 1.34 and a beta of 0.70. The firm has a fifty day moving average price of $76.48 and a 200 day moving average price of $72.94.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 EPS. Sell-side analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is 33.80%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LW shares. Barclays lifted their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th. TD Cowen boosted their price objective on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft began coverage on Lamb Weston in a report on Thursday. They set a “hold” rating and a $81.00 target price for the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $68.00 price target (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Finally, Bank of America raised their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $82.36.

About Lamb Weston

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.