First Horizon Advisors Inc. trimmed its holdings in Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) by 55.3% in the second quarter, according to the firm’s most recent filing with the Securities and Exchange Commission. The fund owned 723 shares of the specialty retailer after selling 895 shares during the quarter. First Horizon Advisors Inc.’s shares of Lamb Weston were worth $61,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Leeward Investments LLC MA increased its stake in shares of Lamb Weston by 23.5% in the second quarter. Leeward Investments LLC MA now owns 139,224 shares of the specialty retailer’s stock worth $11,706,000 after purchasing an additional 26,460 shares in the last quarter. Sarasin & Partners LLP bought a new position in shares of Lamb Weston in the 2nd quarter worth approximately $1,261,000. Raymond James & Associates increased its position in shares of Lamb Weston by 237.1% in the 2nd quarter. Raymond James & Associates now owns 185,444 shares of the specialty retailer’s stock worth $15,592,000 after purchasing an additional 130,428 shares in the last quarter. TCW Group Inc. Bought a new stake in Lamb Weston during the 2nd quarter worth $7,208,000. Finally, Blue Trust Inc. increased its position in Lamb Weston by 251.6% in the second quarter. Blue Trust Inc. now owns 436 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 312 shares during the last quarter. Institutional investors own 89.56% of the company’s shares.

Lamb Weston Price Performance

NYSE LW shares opened at $62.20 on Thursday. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. The company has a market cap of $8.98 billion, a PE ratio of 8.30, a P/E/G ratio of 5.65 and a beta of 0.74. The company has a 50-day simple moving average of $72.16 and a 200-day simple moving average of $85.60.

Lamb Weston (NYSE:LW – Get Free Report) last released its earnings results on Wednesday, July 24. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.71 billion. As a group, equities analysts expect Lamb Weston Holdings, Inc. to post 4.55 EPS for the current fiscal year.

Dividend announcement Lamb Weston

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will receive a dividend of $0.36. The ex-dividend date is Friday, August 2nd. This represents an annualized dividend of $1.44 and a dividend yield of 2.32%. Lamb Weston’s payout ratio is currently 19.23%.

Insider Buying and Selling at Lamb Weston

In related news, Director William G. Jurgensen bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 26. The shares were purchased at an average price of $55.43 per share, for a total value of $554,300.00. Following the completion of the acquisition, the Director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC website. 1.66% of the shares are held by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LW. Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and lowered their price target on the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. Wells Fargo & Company lowered their price target on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. TD Cowen downgraded Lamb Weston from a “buy” rating to a “hold” rating and lowered their price target on the company from $105.00 to $61.00 in a report on Thursday, July 25th. Citigroup lowered their price target on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. downgraded LW from a “buy” rating to a “hold” rating and lowered their price target on shares of Lamb Weston from $105.00 to $61.00 in a report on Thursday, July 25th. their price objective on shares of Lamb Weston from $108.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, July 25. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given the company a buy rating. The company has an average rating of “Moderate Buy” and an average price objective of $87.70, according to data from MarketBeat.

Check out our latest stock report on Lamb Weston

Lamb Weston profile

(Free Report)

Lamb Weston Holdings, Inc. manufactures, distributes and sells frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail and Other. It offers frozen potatoes, commercial ingredients and entrees under the Lamb Weston brand, as well as under various customer labels.

Read more

Want to know which other hedge funds have LW in their portfolio? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Lamb Weston Holdings, Inc. (NYSE:LW – Free Report).

Get news and reviews for Lamb Weston Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings on Lamb Weston and related companies with MarketBeat.com’s FREE daily email newsletter.