Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its holdings in Louisiana-Pacific Co. (NYSE:LPXGet Rating) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,426 shares of the building manufacturing company’s stock after selling 958 shares during the period. Baird Financial Group Inc.’s holdings in Louisiana-Pacific were worth $1,071,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. First Trust Advisors LP increased its holdings in Louisiana-Pacific by 24.7% in the 1st quarter. First Trust Advisors LP now owns 3,311,921 shares of the building manufacturing company’s stock worth $205,737,000 after acquiring an additional 655,132 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Louisiana-Pacific by 17.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,346,563 shares of the building manufacturing company’s stock valued at $145,768,000 after acquiring an additional 355,141 shares during the last quarter. Royce & Associates LP raised its stake in Louisiana-Pacific by 98.4% in the 1st quarter. Royce & Associates LP now owns 711,494 shares of the building manufacturing company’s stock valued at $44,198,000 after purchasing an additional 352,859 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Louisiana-Pacific by 211.6% in the 1st quarter. Panagora Asset Management Inc. now owns 380,777 shares of the building manufacturing company’s stock valued at $23,654,000 after purchasing an additional 258,590 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Louisiana-Pacific by 139.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 262,564 shares of the building manufacturing company’s stock worth $13,760,000 after purchasing an additional 152,872 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Up 0.6 %

Shares of NYSE:LPX opened at $61.66 on Friday. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 3.96 and a beta of 1.61. Louisiana-Pacific Co. has a 12-month low of $48.20 and a 12-month high of $79.77. The business has a 50-day moving average price of $54.87 and a 200 day moving average price of $58.95. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.25.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 9th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.43%. Louisiana-Pacific’s payout ratio is currently 5.65%.

Analysts Set New Price Targets

LPX has been the topic of several research reports. DA Davidson raised their price target on shares of Louisiana-Pacific to $70.00 in a research note on Monday, August 15th. Bank of America cut Louisiana-Pacific from a “neutral” rating to an “underperform” rating and cut their price target for the company from $64.00 to $56.00 in a report on Tuesday, September 20th. TD Securities lowered their price objective on Louisiana-Pacific from $70.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Finally, StockNews.com initiated coverage on Louisiana-Pacific in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Hold” and an average price target of $66.50.

About Louisiana-Pacific

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Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.

Further Reading

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Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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