Russell Investments Group Ltd. Sells 17,807 Shares of Louisiana-Pacific Corporation $LPX

Russell Investments Group Ltd. decreased its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 8.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 182,165 shares of the building manufacturing company’s stock after selling 17,807 shares during the period. Russell Investments Group Ltd. owned about 0.26% of Louisiana-Pacific worth $15,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LPX. Moran Wealth Management LLC boosted its position in shares of Louisiana-Pacific by 2.4% during the second quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company’s stock valued at $568,000 after purchasing an additional 156 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Louisiana-Pacific by 2.2% during the first quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company’s stock valued at $732,000 after buying an additional 170 shares during the period. Wealthspire Advisors LLC boosted its holdings in shares of Louisiana-Pacific by 3.3% during the 1st quarter. Wealthspire Advisors LLC now owns 6,292 shares of the building manufacturing company’s stock valued at $579,000 after buying an additional 200 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of Louisiana-Pacific by 3.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,215 shares of the building manufacturing company’s stock worth $572,000 after buying an additional 218 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Louisiana-Pacific by 9.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,904 shares of the building manufacturing company’s stock worth $267,000 after acquiring an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

LPX has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. DA Davidson reissued a “buy” rating and issued a $117.00 price target on shares of Louisiana-Pacific in a research report on Thursday, November 20th. TD Securities reduced their price objective on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, November 6th. Finally, Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $106.33.

Louisiana-Pacific Trading Up 0.6%

Shares of NYSE:LPX opened at $82.01 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. Louisiana-Pacific Corporation has a 1 year low of $73.42 and a 1 year high of $121.61. The company has a market cap of $5.71 billion, a P/E ratio of 19.34 and a beta of 1.80. The stock’s fifty day moving average price is $84.99 and its 200-day moving average price is $89.59.

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

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 14th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 14th. Louisiana-Pacific’s payout ratio is presently 36.25%.

Insiders Place Their Bets

In related news, Director Stephen E. Macadam acquired 3,200 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $78.06 per share, for a total transaction of $249,792.00. Following the completion of the transaction, the director directly owned 41,149 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.42% of the stock is currently owned by company insiders.

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.