William Blair Investment Management LLC Sells 96,988 Shares of Louisiana-Pacific Corporation $LPX

William Blair Investment Management LLC lowered its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 829,439 shares of the building manufacturing company’s stock after selling 96,988 shares during the period. William Blair Investment Management LLC’s holdings in Louisiana-Pacific were worth $66,985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPX. Boston Partners bought a new position in Louisiana-Pacific during the third quarter worth about $100,770,000. Victory Capital Management Inc. boosted its holdings in Louisiana-Pacific by 674.8% during the third quarter. Victory Capital Management Inc. now owns 698,646 shares of the building manufacturing company’s stock worth $62,068,000 after buying an additional 608,480 shares during the last quarter. Fernbridge Capital Management LP boosted its holdings in Louisiana-Pacific by 284.5% during the third quarter. Fernbridge Capital Management LP now owns 820,755 shares of the building manufacturing company’s stock worth $72,916,000 after buying an additional 607,319 shares during the last quarter. Parsifal Capital Management LP bought a new position in Louisiana-Pacific during the third quarter worth about $46,161,000. Finally, Thrivent Financial for Lutherans boosted its holdings in Louisiana-Pacific by 2,547.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 385,416 shares of the building manufacturing company’s stock worth $31,126,000 after buying an additional 370,856 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne M. Bruce sold 1,300 shares of Louisiana-Pacific stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total value of $102,167.00. Following the sale, the director owned 17,160 shares of the company’s stock, valued at approximately $1,348,604.40. This trade represents a 7.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LPX shares. Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Royal Bank Of Canada restated an “outperform” rating and set a $104.00 target price on shares of Louisiana-Pacific in a report on Wednesday, February 18th. BMO Capital Markets upgraded Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 target price on the stock in a report on Thursday, May 7th. Barclays dropped their price target on Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Finally, TD raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.25.

Louisiana-Pacific Trading Down 0.0%

NYSE LPX opened at $70.49 on Monday. The firm has a market cap of $4.92 billion, a P/E ratio of 59.73, a P/E/G ratio of 1.77 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48. The stock’s 50-day moving average is $73.00 and its 200-day moving average is $80.52. Louisiana-Pacific Corporation has a one year low of $66.12 and a one year high of $102.86.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.24. The company had revenue of $574.00 million for the quarter, compared to analyst estimates of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.Louisiana-Pacific’s revenue was down 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.27 earnings per share. Sell-side analysts anticipate that Louisiana-Pacific Corporation will post 2 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 101.69%.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.