Lamb Weston Holdings Inc (LW) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas lifted its position in Lamb Weston Holdings Inc (NYSE:LW) by 319.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,866 shares of the specialty retailer’s stock after purchasing an additional 36,443 shares during the quarter. Teacher Retirement System of Texas’ holdings in Lamb Weston were worth $2,702,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Lamb Weston by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 361,362 shares of the specialty retailer’s stock valued at $15,915,000 after acquiring an additional 18,367 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Lamb Weston during the second quarter valued at approximately $802,000. The Manufacturers Life Insurance Company raised its stake in shares of Lamb Weston by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 203,992 shares of the specialty retailer’s stock valued at $8,983,000 after acquiring an additional 3,434 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Lamb Weston by 81.5% during the second quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock valued at $136,000 after acquiring an additional 1,389 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Lamb Weston by 3.1% during the third quarter. Mutual of America Capital Management LLC now owns 117,756 shares of the specialty retailer’s stock worth $5,522,000 after purchasing an additional 3,582 shares in the last quarter. Institutional investors own 80.64% of the company’s stock.
Lamb Weston Holdings Inc (LW) opened at $55.62 on Friday. Lamb Weston Holdings Inc has a 1 year low of $40.61 and a 1 year high of $60.85. The company has a market cap of $8,257.27, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.55 and a quick ratio of 0.53.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 2nd were issued a dividend of $0.1913 per share. The ex-dividend date was Thursday, February 1st. This represents a $0.77 dividend on an annualized basis and a yield of 1.38%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s payout ratio is currently 35.19%.
In other news, Director Peter J. Bensen acquired 5,000 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was acquired at an average price of $58.18 per share, with a total value of $290,900.00. Following the completion of the transaction, the director now directly owns 1,935 shares in the company, valued at approximately $112,578.30. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.
LW has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Thursday, January 25th. Jefferies Group upped their price target on shares of Lamb Weston to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Stifel Nicolaus upped their price target on shares of Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $58.14.
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About Lamb Weston
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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