SG Americas Securities LLC Sells 59,653 Shares of Louisiana-Pacific Corporation $LPX

SG Americas Securities LLC lowered its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 73.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,603 shares of the building manufacturing company’s stock after selling 59,653 shares during the quarter. SG Americas Securities LLC’s holdings in Louisiana-Pacific were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LPX. CCM Investment Group LLC bought a new stake in shares of Louisiana-Pacific in the 1st quarter valued at about $633,000. Sierra Summit Advisors LLC purchased a new stake in Louisiana-Pacific during the first quarter valued at approximately $511,000. Prudential PLC boosted its stake in Louisiana-Pacific by 27.2% in the first quarter. Prudential PLC now owns 44,829 shares of the building manufacturing company’s stock valued at $4,123,000 after acquiring an additional 9,581 shares in the last quarter. American Century Companies Inc. grew its holdings in Louisiana-Pacific by 1.4% in the first quarter. American Century Companies Inc. now owns 525,686 shares of the building manufacturing company’s stock worth $48,353,000 after purchasing an additional 7,381 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Louisiana-Pacific by 38.4% during the first quarter. LPL Financial LLC now owns 87,642 shares of the building manufacturing company’s stock worth $8,061,000 after purchasing an additional 24,313 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of recent analyst reports. Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Louisiana-Pacific in a report on Wednesday, October 8th. DA Davidson restated a “buy” rating and set a $117.00 price target on shares of Louisiana-Pacific in a research note on Thursday, September 25th. Vertical Research began coverage on shares of Louisiana-Pacific in a research report on Monday, October 20th. They issued a “buy” rating for the company. Finally, Wall Street Zen lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $106.33.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Stephen E. Macadam purchased 3,200 shares of the stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $78.06 per share, with a total value of $249,792.00. Following the completion of the acquisition, the director owned 41,149 shares in the company, valued at $3,212,090.94. This trade represents a 8.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Louisiana-Pacific Trading Up 0.4%

Louisiana-Pacific stock opened at $74.99 on Thursday. The stock has a 50-day moving average price of $86.91 and a 200 day moving average price of $90.18. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 17.69 and a beta of 1.80. Louisiana-Pacific Corporation has a 52 week low of $73.42 and a 52 week high of $122.87. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The business had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. During the same quarter last year, the company posted $1.22 EPS. Louisiana-Pacific’s quarterly revenue was down 8.2% compared to the same quarter last year. Sell-side analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 14th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is 36.25%.

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.