Advisors Asset Management Inc. Trims Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Advisors Asset Management Inc. lessened its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 19.0% during the 3rd quarter, Holdings Channel reports. The firm owned 7,124 shares of the building manufacturing company’s stock after selling 1,667 shares during the quarter. Advisors Asset Management Inc.’s holdings in Louisiana-Pacific were worth $766,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of LPX. Harbor Capital Advisors Inc. acquired a new position in Louisiana-Pacific in the 3rd quarter worth approximately $38,000. V Square Quantitative Management LLC purchased a new position in shares of Louisiana-Pacific during the third quarter worth $43,000. Covestor Ltd boosted its holdings in Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after buying an additional 318 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after buying an additional 177 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction that occurred 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 owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 10.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LPX. DA Davidson boosted their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific has an average rating of “Hold” and an average target price of $102.22.

Louisiana-Pacific Stock Down 1.0 %

NYSE LPX opened at $118.96 on Wednesday. Louisiana-Pacific Co. has a one year low of $60.27 and a one year high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The business has a fifty day moving average price of $106.51 and a 200 day moving average price of $96.51. The company has a market cap of $8.36 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.79 and a beta of 1.88.

Louisiana-Pacific Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.87%. Louisiana-Pacific’s payout ratio is presently 17.93%.

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.