Dimensional Fund Advisors LP Has $146.25 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Dimensional Fund Advisors LP trimmed its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 9.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,776,362 shares of the building manufacturing company’s stock after selling 179,751 shares during the quarter. Dimensional Fund Advisors LP owned about 2.48% of Louisiana-Pacific worth $146,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. WINTON GROUP Ltd raised its stake in shares of Louisiana-Pacific by 49.6% in the second quarter. WINTON GROUP Ltd now owns 10,735 shares of the building manufacturing company’s stock worth $884,000 after acquiring an additional 3,561 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Louisiana-Pacific by 16.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,845 shares of the building manufacturing company’s stock worth $1,634,000 after buying an additional 2,805 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Louisiana-Pacific during the 2nd quarter worth $91,053,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at $230,000. Finally, Qsemble Capital Management LP acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at $1,629,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on LPX. DA Davidson raised their price target on Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 14th. The Goldman Sachs Group lifted their price target on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research report on Thursday, August 8th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Friday, September 13th. BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research note on Thursday, August 8th. Finally, Bank of America upped their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and a consensus price target of $92.67.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $105.55 on Friday. The firm’s 50 day moving average price is $95.09 and its two-hundred day moving average price is $87.05. 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 twelve month low of $49.47 and a twelve month high of $106.57. The firm has a market cap of $7.57 billion, a P/E ratio of 29.00, a PEG ratio of 0.60 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The firm had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. On average, analysts forecast that Louisiana-Pacific Co. will post 5.05 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders 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 payout ratio is 28.57%.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction 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 completion of the transaction, the director now owns 29,008 shares in the company, valued at $2,787,668.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 transaction of $76,880.00. Following the sale, the director now owns 29,008 shares in the company, valued at $2,787,668.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock valued at $3,368,774 in the last ninety days. 1.26% of the stock is currently owned by corporate insiders.

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.