Saxon Interests Inc. Makes New $702,000 Investment in Lamb Weston $LW

Saxon Interests Inc. bought a new stake in shares of Lamb Weston (NYSE:LW) in the first quarter, Holdings Channel reports. The fund bought 16,620 shares of the specialty retailer’s stock, valued at approximately $702,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LW. Bank of Nova Scotia boosted its position in shares of Lamb Weston by 2.0% in the third quarter. Bank of Nova Scotia now owns 9,685 shares of the specialty retailer’s stock valued at $563,000 after acquiring an additional 189 shares during the period. MCF Advisors LLC lifted its stake in Lamb Weston by 44.2% in the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 199 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Lamb Weston by 8.0% in the 4th quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock worth $130,000 after purchasing an additional 229 shares in the last quarter. Fiduciary Trust Co boosted its holdings in Lamb Weston by 7.5% in the 3rd quarter. Fiduciary Trust Co now owns 4,324 shares of the specialty retailer’s stock valued at $251,000 after purchasing an additional 300 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Lamb Weston by 47.1% during the 3rd quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 305 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America decreased their price target on shares of Lamb Weston from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Stifel Nicolaus reduced their target price on Lamb Weston from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. decreased their target price on Lamb Weston from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, Wells Fargo & Company cut their price objective on Lamb Weston from $54.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $47.82.

Insider Transactions at Lamb Weston

In other news, Director Jana Partners Management, Lp purchased 50,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was purchased at an average price of $43.19 per share, with a total value of $2,159,500.00. Following the completion of the purchase, the director directly owned 5,398,980 shares in the company, valued at approximately $233,181,946.20. This trade represents a 0.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by company insiders.

Lamb Weston Stock Performance

NYSE LW opened at $46.56 on Wednesday. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07. The company has a fifty day moving average of $43.58 and a 200-day moving average of $43.96. The company has a market capitalization of $6.43 billion, a P/E ratio of 21.76, a P/E/G ratio of 6.14 and a beta of 0.47. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.69 and a current ratio of 1.46.

About Lamb Weston

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.