Louisiana-Pacific Corporation $LPX Position Decreased by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 12.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,147 shares of the building manufacturing company’s stock after selling 24,642 shares during the period. Rhumbline Advisers owned about 0.26% of Louisiana-Pacific worth $15,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Chung Wu Investment Group LLC acquired a new position in Louisiana-Pacific in the second quarter worth approximately $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Louisiana-Pacific during the 2nd quarter worth $34,000. RMG Wealth Management LLC acquired a new position in shares of Louisiana-Pacific in the 2nd quarter worth $44,000. Beacon Capital Management LLC raised its position in shares of Louisiana-Pacific by 570.6% during the second quarter. Beacon Capital Management LLC now owns 684 shares of the building manufacturing company’s stock worth $59,000 after purchasing an additional 582 shares during the period. Finally, Wedmont Private Capital purchased a new stake in shares of Louisiana-Pacific during the second quarter valued at $205,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Stephen E. Macadam purchased 3,200 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $78.06 per share, with a total value of $249,792.00. Following the purchase, the director directly owned 41,149 shares of the company’s stock, valued at approximately $3,212,090.94. This trade represents a 8.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada dropped their price target on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. TD Securities cut their price target on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. Wall Street Zen downgraded shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Zacks Research cut shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Finally, DA Davidson reissued a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a research note on Thursday, November 20th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $106.33.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $82.01 on Friday. The company has a market capitalization of $5.71 billion, a PE ratio of 19.34 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84. The company’s 50 day moving average price is $84.99 and its 200 day moving average price is $89.62. Louisiana-Pacific Corporation has a 52 week low of $73.42 and a 52 week high of $121.61.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The company had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $670.26 million. During the same quarter in the previous year, the company earned $1.22 EPS. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. Research analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were paid a $0.28 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. Louisiana-Pacific’s payout ratio is 36.25%.

About Louisiana-Pacific

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.