City State Bank Has $40,000 Position in Lamb Weston $LW

City State Bank grew its position in Lamb Weston (NYSE:LW) by 86.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 779 shares of the specialty retailer’s stock after purchasing an additional 362 shares during the period. City State Bank’s holdings in Lamb Weston were worth $40,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LW. Price T Rowe Associates Inc. MD raised its holdings in shares of Lamb Weston by 49.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer’s stock worth $239,877,000 after acquiring an additional 1,483,559 shares during the period. Citigroup Inc. raised its holdings in shares of Lamb Weston by 324.4% during the first quarter. Citigroup Inc. now owns 1,126,982 shares of the specialty retailer’s stock worth $60,068,000 after acquiring an additional 861,417 shares during the period. Invesco Ltd. grew its position in Lamb Weston by 25.7% in the first quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer’s stock valued at $216,180,000 after purchasing an additional 829,207 shares in the last quarter. Gates Capital Management Inc. grew its position in Lamb Weston by 49.8% in the first quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer’s stock valued at $107,460,000 after purchasing an additional 670,611 shares in the last quarter. Finally, Clarkston Capital Partners LLC grew its position in Lamb Weston by 21.1% in the first quarter. Clarkston Capital Partners LLC now owns 3,721,559 shares of the specialty retailer’s stock valued at $198,359,000 after purchasing an additional 648,855 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

NYSE LW opened at $66.34 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.49 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $9.24 billion, a P/E ratio of 31.74, a P/E/G ratio of 4.40 and a beta of 0.52. Lamb Weston has a 12-month low of $47.87 and a 12-month high of $83.98. The firm has a 50-day moving average price of $58.98 and a two-hundred day moving average price of $55.28.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $1.15 billion during the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. Analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.2%. Lamb Weston’s payout ratio is currently 70.81%.

Wall Street Analyst Weigh In

LW has been the subject of a number of analyst reports. Sanford C. Bernstein set a $65.00 target price on shares of Lamb Weston and gave the company a “market perform” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. initiated coverage on shares of Lamb Weston in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 target price for the company. Cfra Research raised shares of Lamb Weston to a “hold” rating in a research report on Thursday, October 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Lamb Weston in a research note on Saturday. Finally, Bank of America boosted their price objective on shares of Lamb Weston from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.70.

Lamb Weston 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.