D.A. Davidson & CO. Sells 3,838 Shares of Louisiana-Pacific Corporation (NYSE:LPX)

D.A. Davidson & CO. decreased its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,279 shares of the building manufacturing company's stock after selling 3,838 shares during the period. D.A. Davidson & CO.'s holdings in Louisiana-Pacific were worth $3,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LPX. UMB Bank n.a. lifted its holdings in Louisiana-Pacific by 76.1% in the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock valued at $52,000 after acquiring an additional 242 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Louisiana-Pacific by 41.5% in the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock valued at $96,000 after acquiring an additional 305 shares during the period. GeoWealth Management LLC raised its stake in shares of Louisiana-Pacific by 1,184.9% in the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after purchasing an additional 865 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Louisiana-Pacific by 142.6% during the fourth quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock valued at $108,000 after acquiring an additional 613 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Louisiana-Pacific by 67.2% in the first quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock valued at $111,000 after buying an additional 484 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 1,179 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the sale, the director directly owned 18,838 shares of the company's stock, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.42% of the stock is currently owned by insiders.

Louisiana-Pacific Price Performance

Shares of LPX traded up $0.17 during trading hours on Wednesday, reaching $90.08. 269,174 shares of the company's stock traded hands, compared to its average volume of 728,722. The stock has a market cap of $6.27 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.37 and a beta of 1.84. The firm's 50 day simple moving average is $90.25 and its 200-day simple moving average is $96.67. The company has a current ratio of 3.03, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87.

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

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were issued 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 dividend yield of 1.24%. Louisiana-Pacific's dividend payout ratio is presently 19.65%.

Wall Street Analyst Weigh In

LPX has been the topic of several research reports. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Wednesday, May 7th. Truist Financial lowered their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. DA Davidson reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Finally, Royal Bank Of Canada lifted their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $106.63.

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.