Ausbil Investment Management Ltd Lowers Position in Louisiana-Pacific Co. (NYSE:LPX)

Ausbil Investment Management Ltd lessened its position in Louisiana-Pacific Co. (NYSE:LPX) by 61.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,645 shares of the building manufacturing company’s stock after selling 2,568 shares during the quarter. Ausbil Investment Management Ltd’s holdings in Louisiana-Pacific were worth $176,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Louisiana-Pacific by 36.7% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,045 shares of the building manufacturing company’s stock valued at $2,261,000 after buying an additional 5,645 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in Louisiana-Pacific by 269.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company’s stock worth $4,318,000 after acquiring an additional 30,418 shares in the last quarter. Empowered Funds LLC grew its holdings in Louisiana-Pacific by 238.1% in the third quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock worth $2,136,000 after purchasing an additional 14,001 shares during the period. Ritholtz Wealth Management increased its stake in shares of Louisiana-Pacific by 65.0% during the fourth quarter. Ritholtz Wealth Management now owns 7,381 shares of the building manufacturing company’s stock valued at $764,000 after purchasing an additional 2,907 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in shares of Louisiana-Pacific by 65.7% during the third quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company’s stock valued at $55,500,000 after purchasing an additional 204,828 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on LPX. Royal Bank of Canada upped their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. BMO Capital Markets increased their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group lifted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, TD Securities lifted 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $108.38.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total value of $34,023.00. Following the completion of the sale, the director now directly owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 directly owns 18,513 shares in the company, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Louisiana-Pacific Stock Down 0.7 %

LPX opened at $117.29 on Friday. The firm has a 50 day moving average price of $112.00 and a 200-day moving average price of $104.59. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.39 and a beta of 1.94. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a twelve month low of $63.76 and a twelve month high of $122.87.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

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.