Louisiana-Pacific Co. (NYSE:LPX) Stake Lowered by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its stake in Louisiana-Pacific Co. (NYSE:LPX) by 55.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,025 shares of the building manufacturing company’s stock after selling 3,807 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Louisiana-Pacific were worth $249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LPX. Qsemble Capital Management LP bought a new stake in Louisiana-Pacific in the second quarter valued at $1,629,000. Headlands Technologies LLC acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter worth about $81,000. Daiwa Securities Group Inc. acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter worth about $66,000. Texas Permanent School Fund Corp lifted its position in Louisiana-Pacific by 65.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 93,035 shares of the building manufacturing company’s stock valued at $7,660,000 after purchasing an additional 36,863 shares during the last quarter. Finally, Choreo LLC boosted its stake in Louisiana-Pacific by 15.1% during the 2nd quarter. Choreo LLC now owns 4,030 shares of the building manufacturing company’s stock valued at $332,000 after purchasing an additional 530 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the transaction, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the transaction, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the sale, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,900 shares of company stock valued at $3,368,774. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $105.55 on Friday. Louisiana-Pacific Co. has a one year low of $49.47 and a one year high of $106.57. The company has a 50-day moving average of $95.09 and a two-hundred day moving average of $86.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 0.60 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.23. The firm had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. On average, equities research analysts expect that Louisiana-Pacific Co. will post 5.05 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.99%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is currently 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.