Louisiana-Pacific (NYSE:LPX) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Louisiana-Pacific (NYSE:LPX) from a buy rating to a hold rating in a research report released on Sunday morning.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. TD Securities boosted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research report on Thursday, August 8th. The Goldman Sachs Group boosted their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, Bank of America boosted their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and a consensus target price of $102.22.

Louisiana-Pacific Trading Down 1.1 %

Louisiana-Pacific stock opened at $111.49 on Friday. The stock has a market cap of $7.83 billion, a P/E ratio of 19.22, a PEG ratio of 2.72 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. Louisiana-Pacific has a 1 year low of $59.71 and a 1 year high of $114.26. The firm’s 50 day moving average price is $103.42 and its 200-day moving average price is $94.27.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be issued a $0.26 dividend. 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 0.93%. Louisiana-Pacific’s dividend payout ratio is presently 17.93%.

Insiders Place Their Bets

In other news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the transaction, the chief executive officer now owns 596,886 shares in the company, valued at $55,773,027.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The sale 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 stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in shares of Louisiana-Pacific by 3.5% during the 1st quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock valued at $18,045,000 after buying an additional 7,367 shares in the last quarter. Diversified Trust Co purchased a new position in Louisiana-Pacific in the 2nd quarter valued at $590,000. Ensign Peak Advisors Inc lifted its holdings in Louisiana-Pacific by 57.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock valued at $2,917,000 after purchasing an additional 12,950 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Louisiana-Pacific by 16.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company’s stock valued at $3,914,000 after purchasing an additional 6,533 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Louisiana-Pacific in the 1st quarter valued at $827,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.