Natixis Advisors LLC Has $3.18 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Natixis Advisors LLC decreased its position in Louisiana-Pacific Co. (NYSE:LPX) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,565 shares of the building manufacturing company’s stock after selling 239 shares during the quarter. Natixis Advisors LLC’s holdings in Louisiana-Pacific were worth $3,177,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LPX. Acadian Asset Management LLC lifted its stake in Louisiana-Pacific by 22.4% in the 1st quarter. Acadian Asset Management LLC now owns 4,502 shares of the building manufacturing company’s stock valued at $376,000 after acquiring an additional 824 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Louisiana-Pacific during the first quarter worth $216,000. Bessemer Group Inc. grew its position in Louisiana-Pacific by 258.5% in the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after purchasing an additional 318 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 valued at $146,026,000 after purchasing an additional 177,132 shares in the last quarter. Finally, Bayesian Capital Management LP lifted its position in Louisiana-Pacific by 22.0% during the 1st quarter. Bayesian Capital Management LP now owns 5,000 shares of the building manufacturing company’s stock worth $420,000 after buying an additional 900 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This represents a 10.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now directly owns 28,638 shares in the company, valued at $3,247,835.58. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $115.89 on Friday. The stock has a 50 day simple moving average of $106.09 and a 200 day simple moving average of $96.06. The stock has a market cap of $8.14 billion, a P/E ratio of 19.98, a PEG ratio of 2.76 and a beta of 1.88. Louisiana-Pacific Co. has a 1-year low of $60.27 and a 1-year high of $117.59. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is 17.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LPX shares. DA Davidson upped their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. The Goldman Sachs Group lifted their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, TD Securities lifted their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $102.22.

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.