Baker Ellis Asset Management LLC Trims Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Baker Ellis Asset Management LLC cut its stake in Louisiana-Pacific Co. (NYSE:LPX) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,575 shares of the building manufacturing company’s stock after selling 407 shares during the quarter. Baker Ellis Asset Management LLC owned about 0.05% of Louisiana-Pacific worth $3,787,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LPX. Vanguard Personalized Indexing Management LLC grew its position in shares of Louisiana-Pacific by 42.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,742 shares of the building manufacturing company’s stock valued at $720,000 after purchasing an additional 2,601 shares in the last quarter. Blair William & Co. IL purchased a new position in Louisiana-Pacific during the second quarter worth about $423,000. Ensign Peak Advisors Inc grew its position in Louisiana-Pacific by 57.6% during the second quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock worth $2,917,000 after buying an additional 12,950 shares in the last quarter. Magnetar Financial LLC purchased a new position in Louisiana-Pacific during the second quarter worth about $222,000. Finally, Xponance Inc. grew its position in Louisiana-Pacific by 46.7% during the second quarter. Xponance Inc. now owns 11,194 shares of the building manufacturing company’s stock worth $922,000 after buying an additional 3,561 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Down 1.2 %

NYSE LPX opened at $116.27 on Thursday. Louisiana-Pacific Co. has a 1-year low of $63.76 and a 1-year high of $122.87. The firm has a market cap of $8.17 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.94. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $111.65 and a 200-day moving average of $103.14.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.89%. Louisiana-Pacific’s dividend payout ratio is presently 17.93%.

Wall Street Analysts Forecast Growth

LPX has been the subject of several recent analyst reports. TD Securities boosted their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. 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, November 6th. BMO Capital Markets boosted their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Truist Financial lifted their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $108.38.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now owns 28,638 shares in the company, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their position. The transaction 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 the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now owns 18,513 shares in the company, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

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.