Louisiana-Pacific Co. (NYSE:LPX) Position Decreased by Eminence Capital LP

Eminence Capital LP decreased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,883,524 shares of the building manufacturing company’s stock after selling 226,293 shares during the period. Louisiana-Pacific makes up 2.5% of Eminence Capital LP’s portfolio, making the stock its 16th biggest holding. Eminence Capital LP owned 2.63% of Louisiana-Pacific worth $155,071,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. LifeSteps Financial Inc. purchased a new stake in Louisiana-Pacific during the first quarter valued at about $25,000. Fidelis Capital Partners LLC purchased a new stake in Louisiana-Pacific during the first quarter valued at about $25,000. Whittier Trust Co. purchased a new stake in Louisiana-Pacific during the first quarter valued at about $31,000. Bessemer Group Inc. lifted its stake in Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after buying an additional 318 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after buying an additional 177 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX opened at $105.25 on Thursday. The business’s 50-day simple moving average is $96.14 and its 200-day simple moving average is $87.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. Louisiana-Pacific Co. has a 52 week low of $49.47 and a 52 week high of $107.48. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 4.95 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. During the same quarter last year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. As a group, equities research analysts expect that Louisiana-Pacific Co. will post 5.04 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.04 annualized dividend and a yield of 0.99%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 28.57%.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the transaction, the director now directly owns 29,008 shares in the company, valued at $2,787,668.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. The disclosure for this sale can be found here. Insiders sold a total of 35,900 shares of company stock valued at $3,368,774 in the last quarter. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LPX shares. DA Davidson increased their price target on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Bank of America boosted their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. Royal Bank of Canada increased their price objective on Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Finally, BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price on the stock. in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $92.67.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.