Trust Co. of Oklahoma Takes Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Trust Co. of Oklahoma purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,815 shares of the specialty retailer’s stock, valued at approximately $209,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Lamb Weston by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 16,085,009 shares of the specialty retailer’s stock worth $963,653,000 after purchasing an additional 198,274 shares in the last quarter. State Street Corp boosted its stake in Lamb Weston by 3.4% in the 1st quarter. State Street Corp now owns 5,224,012 shares of the specialty retailer’s stock worth $312,971,000 after purchasing an additional 172,399 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lamb Weston by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 3,043,919 shares of the specialty retailer’s stock worth $317,658,000 after purchasing an additional 69,429 shares in the last quarter. Bank of America Corp DE boosted its stake in Lamb Weston by 7.8% in the 4th quarter. Bank of America Corp DE now owns 2,751,402 shares of the specialty retailer’s stock worth $245,865,000 after purchasing an additional 199,088 shares in the last quarter. Finally, FMR LLC lifted its stake in Lamb Weston by 51.8% during the 1st quarter. FMR LLC now owns 2,518,144 shares of the specialty retailer’s stock valued at $263,196,000 after acquiring an additional 859,733 shares during the period. 85.77% of the stock is currently owned by institutional investors.

Insider Transactions at Lamb Weston

In other news, insider Eryk J. Spytek sold 6,319 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $103.23, for a total transaction of $652,310.37. Following the completion of the sale, the insider now owns 1,052 shares of the company’s stock, valued at $108,597.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com assumed coverage on shares of Lamb Weston in a research note on Thursday, August 17th. They set a “hold” rating for the company. The Goldman Sachs Group upgraded shares of Lamb Weston from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $127.00 in a research note on Monday, September 4th. Barclays lifted their price objective on shares of Lamb Weston from $120.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, July 20th. TD Cowen assumed coverage on shares of Lamb Weston in a research note on Wednesday, September 13th. They set an “outperform” rating and a $125.00 price objective for the company. Finally, Stifel Nicolaus raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Friday, August 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $123.67.

Lamb Weston Price Performance

Shares of NYSE LW opened at $99.08 on Tuesday. The firm has a market cap of $14.45 billion, a PE ratio of 14.32, a PEG ratio of 1.74 and a beta of 0.54. The firm has a fifty day moving average of $101.37 and a 200 day moving average of $106.33. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.88 and a current ratio of 1.56. Lamb Weston Holdings, Inc. has a one year low of $76.12 and a one year high of $117.38.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Tuesday, July 25th. The specialty retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. Lamb Weston had a net margin of 18.86% and a return on equity of 84.65%. The firm’s revenue was up 46.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. As a group, research analysts predict that Lamb Weston Holdings, Inc. will post 5.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 4th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, August 3rd. Lamb Weston’s payout ratio is 16.18%.

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.