Iron Horse Wealth Management LLC Has $86,000 Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Iron Horse Wealth Management LLC raised its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 100.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,332 shares of the specialty retailer’s stock after purchasing an additional 666 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in Lamb Weston were worth $86,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LW. TPG GP A LLC boosted its stake in Lamb Weston by 74.4% during the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after buying an additional 1,247,206 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Lamb Weston by 78.5% during the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after acquiring an additional 830,511 shares during the period. Artemis Investment Management LLP boosted its holdings in Lamb Weston by 117.2% in the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after acquiring an additional 663,985 shares during the last quarter. Ninety One UK Ltd bought a new stake in Lamb Weston during the 2nd quarter worth about $42,518,000. Finally, Deprince Race & Zollo Inc. grew its position in shares of Lamb Weston by 2,989.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 373,390 shares of the specialty retailer’s stock worth $31,395,000 after buying an additional 361,305 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on LW shares. Stifel Nicolaus increased their target price on Lamb Weston from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. The Goldman Sachs Group dropped their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 price target (up previously from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Finally, Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $80.56.

Lamb Weston Stock Down 0.1 %

Shares of NYSE LW traded down $0.11 during trading hours on Wednesday, hitting $77.15. The company had a trading volume of 488,313 shares, compared to its average volume of 2,547,591. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The firm’s 50 day moving average is $65.77 and its 200-day moving average is $74.56. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The stock has a market capitalization of $11.14 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 1.27 and a beta of 0.75.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $1.63 EPS. On average, analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 19.23%.

Insider Activity

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.66% of the company’s stock.

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.