Louisiana-Pacific Corporation $LPX Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 73.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 21,603 shares of the building manufacturing company’s stock after selling 59,653 shares during the period. SG Americas Securities LLC’s holdings in Louisiana-Pacific were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC grew its position in Louisiana-Pacific by 33,243.5% during the second quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock valued at $222,610,000 after buying an additional 2,581,023 shares during the period. 59 North Capital Management LP raised its position in shares of Louisiana-Pacific by 32.1% in the first quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock worth $240,863,000 after acquiring an additional 635,817 shares during the period. Palestra Capital Management LLC boosted its stake in shares of Louisiana-Pacific by 173.5% during the 1st quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company’s stock worth $83,851,000 after acquiring an additional 578,248 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Louisiana-Pacific by 252.2% during the 1st quarter. Allianz Asset Management GmbH now owns 682,164 shares of the building manufacturing company’s stock valued at $62,746,000 after acquiring an additional 488,458 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Louisiana-Pacific in the 1st quarter valued at about $25,409,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Louisiana-Pacific

In related news, Director Stephen E. Macadam acquired 3,200 shares of Louisiana-Pacific stock in a transaction that occurred on Friday, November 7th. The shares were purchased 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 owned 41,149 shares in the company, valued at $3,212,090.94. This represents a 8.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

LPX has been the topic of a number of recent analyst reports. TD Securities lowered their price target on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Wall Street Zen lowered Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Louisiana-Pacific in a report on Wednesday, October 8th. Finally, Vertical Research began coverage on shares of Louisiana-Pacific in a research report on Monday, October 20th. They issued a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $106.33.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $74.99 on Thursday. The company has a fifty day simple moving average of $86.91 and a 200-day simple moving average of $90.18. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 17.69 and a beta of 1.80. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 52-week low of $73.42 and a 52-week high of $122.87.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly 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 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 business’s revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.22 earnings per share. On average, equities analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.5%. 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.