Raymond James Financial Services Advisors Inc. lowered its stake in shares of Louisiana-Pacific Co. (NYSE:LPX – Get Rating) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,792 shares of the building manufacturing company’s stock after selling 1,148 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Louisiana-Pacific were worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in LPX. WINTON GROUP Ltd acquired a new position in shares of Louisiana-Pacific during the second quarter worth $301,000. Abacus Planning Group Inc. purchased a new stake in shares of Louisiana-Pacific during the third quarter valued at $233,000. Metis Global Partners LLC acquired a new position in shares of Louisiana-Pacific in the 2nd quarter valued at $348,000. Ziegler Capital Management LLC lifted its position in Louisiana-Pacific by 2.7% during the 2nd quarter. Ziegler Capital Management LLC now owns 20,283 shares of the building manufacturing company’s stock worth $1,063,000 after acquiring an additional 535 shares during the period. Finally, Wedge Capital Management L L P NC grew its stake in Louisiana-Pacific by 14.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 118,248 shares of the building manufacturing company’s stock valued at $6,053,000 after purchasing an additional 15,199 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. TD Securities downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a report on Monday, December 19th. StockNews.com assumed coverage on shares of Louisiana-Pacific in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, DA Davidson downgraded shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and decreased their target price for the company from $69.00 to $63.00 in a research report on Thursday, January 12th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.60.
Insider Activity at Louisiana-Pacific
Louisiana-Pacific Stock Performance
Shares of NYSE LPX opened at $64.11 on Tuesday. Louisiana-Pacific Co. has a 1 year low of $48.20 and a 1 year high of $78.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.54 and a current ratio of 2.33. The company’s fifty day moving average price is $62.40 and its 200 day moving average price is $58.49. The company has a market capitalization of $4.60 billion, a PE ratio of 4.11 and a beta of 1.62.
Louisiana-Pacific (NYSE:LPX – Get Rating) last posted its earnings results on Tuesday, November 1st. The building manufacturing company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.10. The firm had revenue of $852.00 million for the quarter, compared to analysts’ expectations of $847.81 million. Louisiana-Pacific had a return on equity of 77.64% and a net margin of 29.88%. On average, research analysts predict that Louisiana-Pacific Co. will post 12 earnings per share for the current year.
Louisiana-Pacific Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Wednesday, November 9th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Tuesday, November 8th. Louisiana-Pacific’s payout ratio is 5.65%.
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.
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