TrimTabs Asset Management LLC Has $2.11 Million Stake in Louisiana-Pacific Co. (NYSE:LPX)


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TrimTabs Asset Management LLC lowered its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 40.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 37,722 shares of the building manufacturing company’s stock after selling 26,006 shares during the period. Louisiana-Pacific makes up approximately 1.1% of TrimTabs Asset Management LLC’s portfolio, making the stock its 17th biggest holding. TrimTabs Asset Management LLC’s holdings in Louisiana-Pacific were worth $2,114,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. boosted its stake in Louisiana-Pacific by 130.8% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 267,956 shares of the building manufacturing company’s stock valued at $9,960,000 after purchasing an additional 151,855 shares during the last quarter. Norges Bank acquired a new position in Louisiana-Pacific during the 4th quarter valued at about $57,543,000. UBS Asset Management Americas Inc. boosted its stake in Louisiana-Pacific by 3.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 144,051 shares of the building manufacturing company’s stock valued at $5,354,000 after purchasing an additional 5,383 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Louisiana-Pacific in the 4th quarter worth approximately $2,193,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Louisiana-Pacific by 379.0% in the 4th quarter. Hsbc Holdings PLC now owns 41,330 shares of the building manufacturing company’s stock worth $1,541,000 after buying an additional 32,702 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Shares of NYSE:LPX traded up $0.49 during mid-day trading on Thursday, reaching $60.56. The company had a trading volume of 24,805 shares, compared to its average volume of 1,426,636. The company has a current ratio of 3.70, a quick ratio of 2.73 and a debt-to-equity ratio of 0.30. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 35.37 and a beta of 1.82. The company’s 50-day moving average price is $51.39 and its 200-day moving average price is $39.25. Louisiana-Pacific Co. has a one year low of $15.56 and a one year high of $61.56.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Monday, February 15th. The building manufacturing company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.27. The company had revenue of $860.00 million for the quarter, compared to analysts’ expectations of $790.00 million. Louisiana-Pacific had a net margin of 7.79% and a return on equity of 26.04%. On average, research analysts anticipate that Louisiana-Pacific Co. will post 3.98 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 8th. Shareholders of record on Monday, February 22nd were issued a dividend of $0.16 per share. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 19th. This represents a $0.64 dividend on an annualized basis and a yield of 1.06%. Louisiana-Pacific’s payout ratio is presently 172.97%.

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 5,000 shares of the business’s stock in a transaction on Monday, March 1st. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the director now owns 25,371 shares of the company’s stock, valued at approximately $1,268,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Sims sold 12,824 shares of the business’s stock in a transaction on Thursday, February 25th. The shares were sold at an average price of $48.50, for a total transaction of $621,964.00. Following the sale, the senior vice president now directly owns 83,523 shares in the company, valued at approximately $4,050,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 17,923 shares of company stock worth $876,686 in the last three months. Insiders own 0.40% of the company’s stock.

A number of equities analysts have recently weighed in on LPX shares. Stephens upgraded Louisiana-Pacific from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, February 17th. Royal Bank of Canada boosted their target price on Louisiana-Pacific from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 17th. BMO Capital Markets boosted their target price on Louisiana-Pacific from $55.00 to $62.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 16th. Zacks Investment Research downgraded Louisiana-Pacific from a “strong-buy” rating to a “hold” rating and set a $57.00 target price on the stock. in a research note on Tuesday, March 30th. Finally, DA Davidson boosted their target price on Louisiana-Pacific from $40.00 to $50.00 in a research note on Friday, January 22nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $44.75.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.

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Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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