Wedge Capital Management L L P NC Cuts Stake in Louisiana-Pacific Co. (NYSE:LPX)

Wedge Capital Management L L P NC lessened its stake in Louisiana-Pacific Co. (NYSE:LPX) by 21.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 58,737 shares of the building manufacturing company’s stock after selling 16,413 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Louisiana-Pacific were worth $6,082,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its holdings in Louisiana-Pacific by 42.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,742 shares of the building manufacturing company’s stock worth $720,000 after buying an additional 2,601 shares during the last quarter. Blair William & Co. IL bought a new position in Louisiana-Pacific in the 2nd quarter valued at approximately $423,000. Hsbc Holdings PLC lifted its position in Louisiana-Pacific by 168.4% in the 2nd quarter. Hsbc Holdings PLC now owns 79,185 shares of the building manufacturing company’s stock valued at $6,546,000 after acquiring an additional 49,682 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Louisiana-Pacific during the 2nd quarter valued at $3,705,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Louisiana-Pacific by 40.6% in the second quarter. Canada Pension Plan Investment Board now owns 196,400 shares of the building manufacturing company’s stock worth $16,170,000 after purchasing an additional 56,700 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the transaction, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LPX has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. TD Securities raised their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. BMO Capital Markets lifted their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Finally, StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and a consensus price target of $108.38.

Louisiana-Pacific Trading Down 0.6 %

NYSE:LPX opened at $114.85 on Friday. Louisiana-Pacific Co. has a one year low of $63.76 and a one year high of $122.87. The business has a fifty day moving average price of $111.41 and a 200-day moving average price of $102.42. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.27 and a beta of 1.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.91%. Louisiana-Pacific’s payout ratio is currently 17.93%.

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.