Huntington National Bank Sells 333 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Huntington National Bank cut its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,864 shares of the specialty retailer’s stock after selling 333 shares during the quarter. Huntington National Bank’s holdings in Lamb Weston were worth $4,458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LW. Avantax Advisory Services Inc. raised its stake in Lamb Weston by 3.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after purchasing an additional 135 shares during the period. City State Bank raised its position in shares of Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Lamb Weston by 0.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock worth $1,214,000 after buying an additional 156 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Lamb Weston by 2.4% during the first quarter. Bahl & Gaynor Inc. now owns 7,018 shares of the specialty retailer’s stock worth $748,000 after acquiring an additional 166 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its stake in Lamb Weston by 2.8% during the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock valued at $430,000 after acquiring an additional 181 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Stifel Nicolaus increased their price target on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Citigroup lifted their price objective on Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays increased their target price on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Finally, TD Cowen boosted their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $82.22.

Lamb Weston Trading Up 0.4 %

Shares of LW opened at $80.41 on Friday. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve 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’s fifty day simple moving average is $71.19 and its 200-day simple moving average is $74.30. The company has a market cap of $11.47 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.43 and a beta of 0.72.

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 analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company posted $1.63 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

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.