NWQ Investment Management Company LLC reduced its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 474,193 shares of the construction company’s stock after selling 7,395 shares during the period. NWQ Investment Management Company LLC owned about 0.33% of Louisiana-Pacific worth $12,452,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Paloma Partners Management Co lifted its stake in Louisiana-Pacific by 69.3% in the 4th quarter. Paloma Partners Management Co now owns 18,303 shares of the construction company’s stock worth $480,000 after acquiring an additional 7,492 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Louisiana-Pacific by 2.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 81,193 shares of the construction company’s stock worth $2,132,000 after acquiring an additional 1,952 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Louisiana-Pacific in the 4th quarter worth about $1,130,000. Guggenheim Capital LLC lifted its stake in Louisiana-Pacific by 250.6% in the 4th quarter. Guggenheim Capital LLC now owns 774,053 shares of the construction company’s stock worth $20,328,000 after acquiring an additional 553,288 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Louisiana-Pacific by 29.5% in the 4th quarter. Deutsche Bank AG now owns 1,315,203 shares of the construction company’s stock worth $34,534,000 after acquiring an additional 299,285 shares in the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Louisiana-Pacific Co. (NYSE:LPX) opened at $28.56 on Wednesday. Louisiana-Pacific Co. has a one year low of $22.07 and a one year high of $31.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.07 and a current ratio of 5.03. The firm has a market capitalization of $4,144.12, a PE ratio of 12.22, a PEG ratio of 2.16 and a beta of 1.58.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, February 23rd. Louisiana-Pacific’s dividend payout ratio is 19.48%.
LPX has been the subject of several research analyst reports. Zacks Investment Research raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, January 9th. Scotiabank raised their price target on Louisiana-Pacific from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Bank of America raised Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. Stephens set a $31.00 price target on Louisiana-Pacific and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Finally, DA Davidson raised their price target on Louisiana-Pacific to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $30.71.
In other news, EVP Neil Sherman sold 18,885 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $30.04, for a total transaction of $567,305.40. Following the transaction, the executive vice president now owns 62,770 shares of the company’s stock, valued at approximately $1,885,610.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.48% of the company’s stock.
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Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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