Campbell & CO Investment Adviser LLC Sells 2,709 Shares of Louisiana-Pacific Corporation $LPX

Campbell & CO Investment Adviser LLC trimmed its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 40.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,061 shares of the building manufacturing company’s stock after selling 2,709 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Louisiana-Pacific were worth $349,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LPX. Valeo Financial Advisors LLC boosted its stake in Louisiana-Pacific by 33,243.5% during the second quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock valued at $222,610,000 after buying an additional 2,581,023 shares during the last quarter. 59 North Capital Management LP grew its holdings in shares of Louisiana-Pacific by 32.1% in the first quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock valued at $240,863,000 after purchasing an additional 635,817 shares in the last quarter. Palestra Capital Management LLC increased its position in Louisiana-Pacific by 173.5% in the first quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company’s stock worth $83,851,000 after purchasing an additional 578,248 shares during the last quarter. Allianz Asset Management GmbH increased its position in Louisiana-Pacific by 252.2% in the first quarter. Allianz Asset Management GmbH now owns 682,164 shares of the building manufacturing company’s stock worth $62,746,000 after purchasing an additional 488,458 shares during the last quarter. Finally, Nuveen LLC bought a new position in Louisiana-Pacific during the first quarter valued at $25,409,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Trading Down 0.6%

LPX opened at $75.39 on Monday. Louisiana-Pacific Corporation has a 12 month low of $74.01 and a 12 month high of $122.87. The stock has a fifty day moving average price of $88.23 and a 200-day moving average price of $90.46. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 17.78 and a beta of 1.80. 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 (NYSE:LPX) last announced its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.22 earnings per share. As a group, equities research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share 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 given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 36.25%.

Analysts Set New Price Targets

LPX has been the subject of a number of analyst reports. TD Securities lowered their price target 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 Louisiana-Pacific in a research report on Monday, October 20th. They set a “buy” rating on the stock. Zacks Research downgraded Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada reduced their target price on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Hold” and an average price target of $106.33.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Stephen E. Macadam purchased 3,200 shares of Louisiana-Pacific stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $78.06 per share, for a total transaction of $249,792.00. Following the completion of the transaction, the director owned 41,149 shares in the company, valued at $3,212,090.94. The trade was a 8.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.42% of the company’s stock.

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.