Baker Ellis Asset Management LLC Has $3.18 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Baker Ellis Asset Management LLC cut its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 1.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,898 shares of the building manufacturing company’s stock after selling 450 shares during the period. Baker Ellis Asset Management LLC owned approximately 0.05% of Louisiana-Pacific worth $3,180,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of LPX. Signaturefd LLC grew its holdings in shares of Louisiana-Pacific by 232.9% during the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock valued at $56,000 after purchasing an additional 552 shares during the last quarter. Principal Securities Inc. acquired a new stake in Louisiana-Pacific during the 4th quarter worth approximately $75,000. Kapitalo Investimentos Ltda acquired a new stake in Louisiana-Pacific during the 4th quarter worth approximately $92,000. Larson Financial Group LLC boosted its position in Louisiana-Pacific by 101.2% during the 4th quarter. Larson Financial Group LLC now owns 1,354 shares of the building manufacturing company’s stock worth $96,000 after buying an additional 681 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. acquired a new position in shares of Louisiana-Pacific in the 1st quarter worth approximately $200,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LPX shares. TD Securities boosted their target price on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, May 9th. Seaport Res Ptn lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Loop Capital assumed coverage on shares of Louisiana-Pacific in a research note on Friday, May 3rd. They issued a “hold” rating and a $82.00 target price for the company. Finally, The Goldman Sachs Group lowered shares of Louisiana-Pacific from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $89.00 to $81.00 in a research note on Monday, June 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.11.

Insider Activity

In related news, Director Lizanne C. Gottung sold 3,591 shares of Louisiana-Pacific stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $89.18, for a total value of $320,245.38. Following the completion of the sale, the director now directly owns 23,501 shares in the company, valued at approximately $2,095,819.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Price Performance

NYSE LPX traded down $0.06 on Friday, reaching $82.33. 2,653,163 shares of the company’s stock traded hands, compared to its average volume of 987,702. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 1.75. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $95.70. The stock has a market cap of $5.90 billion, a PE ratio of 22.62, a P/E/G ratio of 10.70 and a beta of 1.92. The stock has a 50-day simple moving average of $85.52 and a 200 day simple moving average of $77.09.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The company had revenue of $724.00 million during the quarter, compared to analyst estimates of $686.84 million. During the same quarter last year, the firm posted $0.34 earnings per share. The firm’s revenue was up 24.0% on a year-over-year basis. As a group, research analysts predict that Louisiana-Pacific Co. will post 5.79 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.04 annualized dividend and a dividend yield of 1.26%. Louisiana-Pacific’s payout ratio is presently 28.57%.

About Louisiana-Pacific

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.