Cibc World Market Inc. Increases Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Cibc World Market Inc. lifted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPXGet Rating) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,039 shares of the building manufacturing company’s stock after purchasing an additional 318 shares during the period. Cibc World Market Inc.’s holdings in Louisiana-Pacific were worth $212,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LPX shares. TD Securities decreased their target price on shares of Louisiana-Pacific from $70.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, November 2nd. StockNews.com initiated coverage on Louisiana-Pacific in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Bank of America downgraded Louisiana-Pacific from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $64.00 to $56.00 in a research report on Tuesday, September 20th. Finally, DA Davidson lifted their price target on Louisiana-Pacific to $70.00 in a report on Monday, August 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Louisiana-Pacific currently has an average rating of “Hold” and a consensus price target of $66.50.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $63.42 on Friday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 4.07 and a beta of 1.61. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.25. The business’s fifty day moving average price is $55.65 and its 200 day moving average price is $58.71. Louisiana-Pacific Co. has a twelve month low of $48.20 and a twelve month high of $79.77.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 9th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, November 8th. Louisiana-Pacific’s payout ratio is currently 5.65%.

About Louisiana-Pacific

(Get Rating)

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

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

Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter.