Envestnet Asset Management Inc. Trims Position in Louisiana-Pacific Corporation $LPX

Envestnet Asset Management Inc. reduced its position in Louisiana-Pacific Corporation (NYSE:LPX) by 78.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 36,996 shares of the building manufacturing company’s stock after selling 130,822 shares during the period. Envestnet Asset Management Inc. owned about 0.05% of Louisiana-Pacific worth $3,181,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. CWM LLC grew its position in shares of Louisiana-Pacific by 4.1% in the first quarter. CWM LLC now owns 2,919 shares of the building manufacturing company’s stock valued at $268,000 after purchasing an additional 115 shares during the period. Moran Wealth Management LLC boosted its stake in Louisiana-Pacific by 2.4% in the 2nd quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company’s stock worth $568,000 after buying an additional 156 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Louisiana-Pacific by 2.2% in the 1st quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company’s stock valued at $732,000 after buying an additional 170 shares during the period. Wealthspire Advisors LLC increased its stake in shares of Louisiana-Pacific by 3.3% during the 1st quarter. Wealthspire Advisors LLC now owns 6,292 shares of the building manufacturing company’s stock valued at $579,000 after acquiring an additional 200 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of Louisiana-Pacific by 3.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,215 shares of the building manufacturing company’s stock valued at $572,000 after acquiring an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

LPX has been the subject of a number of recent analyst reports. TD Securities lowered their target price on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Vertical Research initiated coverage on shares of Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. DA Davidson reiterated a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a report on Thursday, September 25th. Finally, Royal Bank Of Canada dropped their price target on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $106.33.

Insider Transactions at Louisiana-Pacific

In other news, Director Stephen E. Macadam acquired 3,200 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $78.06 per share, for a total transaction of $249,792.00. Following the completion of the purchase, the director directly owned 41,149 shares of the company’s stock, valued at approximately $3,212,090.94. This trade represents a 8.43% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

Louisiana-Pacific Stock Down 0.6%

Shares of NYSE LPX opened at $75.39 on Friday. The stock has a fifty day moving average price of $88.23 and a 200 day moving average price of $90.43. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 12-month low of $74.01 and a 12-month high of $122.87. The company has a market cap of $5.25 billion, a P/E ratio of 17.78 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The company had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $670.26 million. During the same period in the previous year, the company earned $1.22 EPS. Louisiana-Pacific’s quarterly revenue was down 8.2% on a year-over-year basis. Research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 14th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 14th. Louisiana-Pacific’s dividend payout ratio is currently 36.25%.

Louisiana-Pacific 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.