Assenagon Asset Management S.A. Sells 8,162 Shares of Louisiana-Pacific Corporation (NYSE:LPX)

Assenagon Asset Management S.A. reduced its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 24.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 25,455 shares of the building manufacturing company's stock after selling 8,162 shares during the period. Assenagon Asset Management S.A.'s holdings in Louisiana-Pacific were worth $2,341,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in Louisiana-Pacific by 51.2% during the fourth quarter. Van ECK Associates Corp now owns 58,149 shares of the building manufacturing company's stock worth $6,021,000 after purchasing an additional 19,681 shares during the last quarter. Csenge Advisory Group bought a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $452,000. Monument Capital Management bought a new position in shares of Louisiana-Pacific in the fourth quarter valued at approximately $2,382,000. Principal Financial Group Inc. boosted its position in Louisiana-Pacific by 215.0% in the fourth quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company's stock worth $48,686,000 after purchasing an additional 320,912 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its stake in Louisiana-Pacific by 7.1% in the 4th quarter. Sanctuary Advisors LLC now owns 1,862 shares of the building manufacturing company's stock valued at $193,000 after purchasing an additional 124 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Louisiana-Pacific

In related 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 transaction, the director now owns 18,838 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is currently owned by insiders.

Louisiana-Pacific Price Performance

Shares of LPX traded up $0.34 during mid-day trading on Friday, reaching $86.87. 550,094 shares of the stock traded hands, compared to its average volume of 707,314. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.28 and a beta of 1.89. Louisiana-Pacific Corporation has a 1 year low of $78.82 and a 1 year high of $122.87. The firm has a fifty day moving average price of $89.26 and a 200 day moving average price of $98.99. 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 (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, 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 analysts' expectations of $711.66 million. During the same period in the previous year, the business earned $1.53 earnings per share. The firm's revenue was up .0% on a year-over-year basis. As a group, equities research analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio (DPR) is 19.65%.

Analyst Upgrades and Downgrades

LPX has been the subject of several research reports. DA Davidson reduced their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. 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 report on Wednesday, May 7th. Royal Bank Of Canada increased their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets increased their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Finally, TD Securities decreased their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific presently has an average rating of "Hold" and a consensus price target of $107.38.

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.