Ellevest Inc. Decreases Stake in Louisiana-Pacific Co. (NYSE:LPX)

Ellevest Inc. cut its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX – Get Rating) by 66.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 748 shares of the building manufacturing company’s stock after selling 1,508 shares during the quarter. Ellevest Inc.’s holdings in Louisiana-Pacific were worth $38,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Great West Life Assurance Co. Can boosted its holdings in shares of Louisiana-Pacific by 6.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 56,780 shares of the building manufacturing company’s stock worth $2,909,000 after purchasing an additional 3,345 shares during the last quarter. SG Americas Securities LLC lifted its position in Louisiana-Pacific by 94.0% during the third quarter. SG Americas Securities LLC now owns 25,814 shares of the building manufacturing company’s stock worth $1,321,000 after buying an additional 12,505 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Louisiana-Pacific by 8.5% during the third quarter. Assenagon Asset Management S.A. now owns 29,719 shares of the building manufacturing company’s stock worth $1,521,000 after buying an additional 2,340 shares during the last quarter. Strs Ohio grew its holdings in Louisiana-Pacific by 4.1% in the 3rd quarter. Strs Ohio now owns 21,224 shares of the building manufacturing company’s stock valued at $1,086,000 after buying an additional 838 shares in the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new stake in shares of Louisiana-Pacific in the 3rd quarter worth $85,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Insider Activity

In related news, Director Lizanne C. Gottung sold 3,587 shares of the stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $62.52, for a total transaction of $224,259.24. Following the transaction, the director now owns 27,470 shares of the company’s stock, valued at approximately $1,717,424.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LPX shares. StockNews.com initiated coverage on shares of Louisiana-Pacific in a report on Wednesday, October 12th. They issued a “hold” rating for the company. DA Davidson cut shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and dropped their price target for the company from $69.00 to $63.00 in a research note on Thursday, January 12th. Finally, TD Securities downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a report on Monday, December 19th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.60.

Louisiana-Pacific Stock Up 1.6 %

Shares of LPX opened at $62.90 on Monday. 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 firm has a market cap of $4.51 billion, a P/E ratio of 4.04 and a beta of 1.62. The company’s 50-day moving average price is $62.30 and its 200 day moving average price is $58.44. Louisiana-Pacific Co. has a 12-month low of $48.20 and a 12-month high of $78.09.

Louisiana-Pacific (NYSE:LPX – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The building manufacturing company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.10. Louisiana-Pacific had a net margin of 29.88% and a return on equity of 77.64%. The business had revenue of $852.00 million for the quarter, compared to the consensus estimate of $847.81 million. On average, sell-side analysts forecast that Louisiana-Pacific Co. will post 12 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Wednesday, November 9th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, November 8th. This represents a $0.88 annualized dividend and a dividend yield of 1.40%. Louisiana-Pacific’s dividend payout ratio is currently 5.65%.

Louisiana-Pacific Profile

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Louisiana-Pacific Corp. engages in the design and manufacture of engineered wood building products for builders, remodelers, and homeowners. It operates through the following segments: Siding, Oriented Strand Board (OSB), South America, and Other. The Siding segment offers engineered wood siding, trim, soffit, and fascia under the brands of LP, SmartSide, Trim & Siding LP, SmartSide, and ExpertFinish.