Robotti Robert Lowers Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Robotti Robert lessened its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 2.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 79,023 shares of the building manufacturing company’s stock after selling 1,905 shares during the quarter. Louisiana-Pacific makes up about 0.9% of Robotti Robert’s portfolio, making the stock its 21st largest position. Robotti Robert’s holdings in Louisiana-Pacific were worth $6,631,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Appian Way Asset Management LP increased its stake in shares of Louisiana-Pacific by 41.0% in the first quarter. Appian Way Asset Management LP now owns 66,800 shares of the building manufacturing company’s stock worth $5,605,000 after purchasing an additional 19,410 shares in the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of Louisiana-Pacific by 41.2% in the first quarter. Maple Rock Capital Partners Inc. now owns 373,500 shares of the building manufacturing company’s stock worth $31,340,000 after purchasing an additional 109,000 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Louisiana-Pacific by 11.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock worth $146,026,000 after purchasing an additional 177,132 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Louisiana-Pacific in the first quarter worth about $15,649,000. Finally, Natixis purchased a new position in shares of Louisiana-Pacific in the first quarter worth about $16,371,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Seaport Res Ptn cut shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. BMO Capital Markets boosted their price objective on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Loop Capital initiated coverage on shares of Louisiana-Pacific in a report on Friday, May 3rd. They issued a “hold” rating and a $82.00 price objective for the company. DA Davidson boosted their price objective on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Finally, Royal Bank of Canada boosted their price objective on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.50.

Louisiana-Pacific Trading Down 0.5 %

NYSE:LPX traded down $0.52 during midday trading on Monday, reaching $97.08. 442,774 shares of the stock traded hands, compared to its average volume of 938,621. The company has a fifty day moving average of $88.22 and a 200 day moving average of $79.57. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $98.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 3.32. The stock has a market capitalization of $6.96 billion, a P/E ratio of 26.67, a PEG ratio of 14.04 and a beta of 1.89.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.13 by $0.40. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The business had revenue of $724.00 million during the quarter, compared to analyst estimates of $686.84 million. During the same period in the prior year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, research analysts predict that Louisiana-Pacific Co. will post 5.23 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were issued a $0.26 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $1.04 annualized dividend and a yield of 1.07%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 28.57%.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total value of $320,245.38. Following the sale, the director now directly owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.26% of the company’s stock.

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.