Woodmont Investment Counsel LLC Sells 1,216 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Woodmont Investment Counsel LLC lessened its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 27.8% in the third quarter, HoldingsChannel.com reports. The fund owned 3,154 shares of the building manufacturing company’s stock after selling 1,216 shares during the period. Woodmont Investment Counsel LLC’s holdings in Louisiana-Pacific were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. William Blair Investment Management LLC bought a new stake in Louisiana-Pacific during the second quarter valued at approximately $91,053,000. Marshall Wace LLP raised its position in shares of Louisiana-Pacific by 92.4% during the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock valued at $103,363,000 after buying an additional 602,803 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock worth $36,834,000 after acquiring an additional 292,200 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Louisiana-Pacific by 768.5% in the second quarter. Assenagon Asset Management S.A. now owns 270,341 shares of the building manufacturing company’s stock worth $22,257,000 after acquiring an additional 239,212 shares in the last quarter. Finally, Natixis bought a new position in Louisiana-Pacific in the first quarter valued at $16,371,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 0.6 %

Shares of NYSE LPX opened at $108.82 on Friday. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 4.63 and a beta of 1.88. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average is $102.11 and its 200 day moving average is $93.09. Louisiana-Pacific Co. has a 52 week low of $57.13 and a 52 week high of $113.04.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.23. The company had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. Louisiana-Pacific’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. On average, equities research analysts expect that Louisiana-Pacific Co. will post 5.12 earnings per share for the current year.

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 paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s payout ratio is 16.91%.

Analyst Ratings Changes

Several equities research analysts have issued reports on LPX shares. The Goldman Sachs Group lifted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday. Royal Bank of Canada boosted their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a research note on Thursday, August 8th. Bank of America lifted their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. Finally, StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $101.78.

Insider Activity at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the transaction, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific 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 sale, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by company insiders.

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.