Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 3.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 37,117 shares of the building manufacturing company’s stock after selling 1,391 shares during the period. D.A. Davidson & CO.’s holdings in Louisiana-Pacific were worth $3,844,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of LPX. Private Advisor Group LLC grew its position in shares of Louisiana-Pacific by 4.8% during the 3rd quarter. Private Advisor Group LLC now owns 10,843 shares of the building manufacturing company’s stock valued at $1,165,000 after acquiring an additional 493 shares during the period. International Assets Investment Management LLC grew its position in shares of Louisiana-Pacific by 10,646.0% during the 3rd quarter. International Assets Investment Management LLC now owns 69,634 shares of the building manufacturing company’s stock valued at $7,483,000 after acquiring an additional 68,986 shares during the period. Riverwater Partners LLC grew its position in shares of Louisiana-Pacific by 2.6% during the 3rd quarter. Riverwater Partners LLC now owns 10,025 shares of the building manufacturing company’s stock valued at $1,082,000 after acquiring an additional 252 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at about $256,000. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at about $213,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday. TD Securities decreased their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday. DA Davidson decreased their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific has a consensus rating of “Hold” and an average price target of $108.00.

Louisiana-Pacific Trading Down 0.5 %

LPX opened at $100.98 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The company’s 50 day simple moving average is $110.52 and its two-hundred day simple moving average is $106.44. Louisiana-Pacific Co. has a 1-year low of $66.77 and a 1-year high of $122.87. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.37 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.29% and a return on equity of 24.50%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. Analysts expect that Louisiana-Pacific Co. will post 5.64 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s payout ratio is presently 17.93%.

Insider Activity

In other 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 sale, the director now owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.26% of the company’s stock.

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.