D.A. Davidson & CO. Cuts Position in Louisiana-Pacific Corporation (NYSE:LPX)

D.A. Davidson & CO. cut its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 10.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,279 shares of the building manufacturing company's stock after selling 3,838 shares during the quarter. D.A. Davidson & CO.'s holdings in Louisiana-Pacific were worth $3,061,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LPX. First Horizon Advisors Inc. increased its holdings in shares of Louisiana-Pacific by 67.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock valued at $111,000 after purchasing an additional 484 shares in the last quarter. Shilanski & Associates Inc. increased its holdings in shares of Louisiana-Pacific by 7.3% during the 1st quarter. Shilanski & Associates Inc. now owns 19,366 shares of the building manufacturing company's stock valued at $1,781,000 after purchasing an additional 1,314 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Louisiana-Pacific by 18.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company's stock valued at $12,486,000 after purchasing an additional 21,462 shares in the last quarter. Moran Wealth Management LLC grew its stake in Louisiana-Pacific by 4.7% in the 1st quarter. Moran Wealth Management LLC now owns 6,447 shares of the building manufacturing company's stock valued at $593,000 after acquiring an additional 289 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Louisiana-Pacific by 12.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,482 shares of the building manufacturing company's stock valued at $320,000 after acquiring an additional 396 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Down 1.0%

Shares of LPX stock traded down $0.88 on Friday, hitting $91.70. 578,214 shares of the stock traded hands, compared to its average volume of 696,545. The firm's 50-day moving average price is $90.14 and its two-hundred day moving average price is $96.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03. The stock has a market capitalization of $6.38 billion, a PE ratio of 16.09, a PEG ratio of 1.41 and a beta of 1.84. Louisiana-Pacific Corporation has a twelve month low of $78.82 and a twelve month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The company had revenue of $724.00 million for the quarter, compared to analysts' expectations of $711.66 million. During the same quarter in the prior year, the company posted $1.53 earnings per share. Louisiana-Pacific's revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.22%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.65%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LPX shares. Royal Bank Of Canada lifted their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research note on Wednesday, May 7th. Truist Financial dropped their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, DA Davidson dropped their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $106.63.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the sale, the director directly owned 18,838 shares in the company, valued at $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.42% 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.