Atria Investments Inc Cuts Stock Position in Louisiana-Pacific Corporation $LPX

Atria Investments Inc decreased its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 62.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,086 shares of the building manufacturing company’s stock after selling 11,901 shares during the period. Atria Investments Inc’s holdings in Louisiana-Pacific were worth $609,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd lifted its position in shares of Louisiana-Pacific by 181.7% during the second quarter. Y Intercept Hong Kong Ltd now owns 45,386 shares of the building manufacturing company’s stock worth $3,903,000 after purchasing an additional 29,277 shares in the last quarter. Riverwater Partners LLC increased its stake in Louisiana-Pacific by 17.6% during the 2nd quarter. Riverwater Partners LLC now owns 11,886 shares of the building manufacturing company’s stock worth $1,022,000 after buying an additional 1,782 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Louisiana-Pacific by 14.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 22,581 shares of the building manufacturing company’s stock worth $1,942,000 after buying an additional 2,780 shares in the last quarter. AlphaQuest LLC boosted its position in Louisiana-Pacific by 636.9% in the 2nd quarter. AlphaQuest LLC now owns 10,213 shares of the building manufacturing company’s stock valued at $878,000 after buying an additional 8,827 shares during the period. Finally, Ethic Inc. grew its stake in shares of Louisiana-Pacific by 23.6% in the second quarter. Ethic Inc. now owns 4,671 shares of the building manufacturing company’s stock worth $410,000 after acquiring an additional 893 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the sale, the director owned 29,728 shares in the company, valued at approximately $3,002,528. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LPX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. TD Securities decreased their price objective on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Wall Street Zen lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Finally, Vertical Research initiated coverage on shares of Louisiana-Pacific in a research note on Monday, October 20th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $106.33.

Louisiana-Pacific Stock Up 1.7%

Louisiana-Pacific stock opened at $78.51 on Monday. The stock has a 50-day simple moving average of $90.09 and a 200-day simple moving average of $90.81. The company has a market capitalization of $5.47 billion, a P/E ratio of 18.52 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. Louisiana-Pacific Corporation has a fifty-two week low of $76.25 and a fifty-two week high of $122.87.

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

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 14th will be given a $0.28 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.4%. Louisiana-Pacific’s dividend payout ratio is 36.25%.

Louisiana-Pacific 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.