Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,388,201 shares of the building manufacturing company’s stock after selling 23,828 shares during the period. Vanguard Group Inc. owned 8.84% of Louisiana-Pacific worth $452,476,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LPX. HighTower Advisors LLC lifted its holdings in Louisiana-Pacific by 27.0% in the third quarter. HighTower Advisors LLC now owns 6,055 shares of the building manufacturing company’s stock valued at $327,000 after acquiring an additional 1,288 shares during the last quarter. Invesco Ltd. lifted its holdings in Louisiana-Pacific by 57.8% in the third quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company’s stock valued at $44,026,000 after acquiring an additional 291,833 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Louisiana-Pacific by 51.4% during the third quarter. Hsbc Holdings PLC now owns 22,374 shares of the building manufacturing company’s stock worth $1,244,000 after purchasing an additional 7,593 shares in the last quarter. Trexquant Investment LP acquired a new position in Louisiana-Pacific during the third quarter worth $2,847,000. Finally, Qube Research & Technologies Ltd acquired a new position in Louisiana-Pacific during the third quarter worth $6,568,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LPX has been the topic of a number of research reports. Seaport Res Ptn cut Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. TheStreet cut Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. Royal Bank of Canada upped their price target on Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. TD Securities upped their price objective on Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, May 9th. Finally, StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $87.11.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $89.18, for a total transaction of $320,245.38. Following the transaction, the director now owns 23,501 shares of the company’s stock, valued at $2,095,819.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $82.67 on Thursday. The firm has a market capitalization of $5.93 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 10.75 and a beta of 1.92. The business’s fifty day moving average price is $85.11 and its 200 day moving average price is $76.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 1.75. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $95.70.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.13 by $0.40. The firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $686.84 million. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. Louisiana-Pacific’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. On average, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.79 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, May 21st. Louisiana-Pacific’s payout ratio is 28.57%.

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.