Intact Investment Management Inc. Buys 20,500 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Intact Investment Management Inc. increased its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 92.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 42,700 shares of the specialty retailer’s stock after purchasing an additional 20,500 shares during the quarter. Intact Investment Management Inc.’s holdings in Lamb Weston were worth $4,615,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LW. Headlands Technologies LLC bought a new position in Lamb Weston in the 4th quarter valued at $51,000. Truist Financial Corp grew its position in Lamb Weston by 30.5% in the 4th quarter. Truist Financial Corp now owns 36,346 shares of the specialty retailer’s stock valued at $3,929,000 after acquiring an additional 8,497 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in Lamb Weston by 179.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 11,611 shares of the specialty retailer’s stock valued at $1,255,000 after acquiring an additional 7,458 shares during the last quarter. California Public Employees Retirement System grew its position in Lamb Weston by 2.7% in the 4th quarter. California Public Employees Retirement System now owns 657,296 shares of the specialty retailer’s stock valued at $71,047,000 after acquiring an additional 17,498 shares during the last quarter. Finally, Significant Wealth Partners LLC bought a new position in Lamb Weston in the 4th quarter valued at $214,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.4 %

Shares of NYSE LW traded up $0.35 during mid-day trading on Friday, reaching $83.85. 2,462,698 shares of the company were exchanged, compared to its average volume of 4,422,213. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.37 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 1 year low of $77.41 and a 1 year high of $117.38. The firm has a 50-day moving average of $95.51 and a 200 day moving average of $98.47.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. On average, research analysts expect that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup cut their price objective on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. BNP Paribas assumed coverage on Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 target price for the company. StockNews.com cut Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Stifel Nicolaus lowered their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Barclays lowered their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.40.

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.