Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its position in Louisiana-Pacific Co. (NYSE:LPX) by 15.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 317,397 shares of the building manufacturing company’s stock after selling 59,331 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.44% of Louisiana-Pacific worth $26,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in LPX. Channing Capital Management LLC acquired a new position in shares of Louisiana-Pacific in the 4th quarter valued at $73,662,000. Norges Bank acquired a new stake in Louisiana-Pacific during the 4th quarter worth about $53,186,000. Balyasny Asset Management L.P. grew its position in Louisiana-Pacific by 16,827.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 717,059 shares of the building manufacturing company’s stock worth $50,789,000 after purchasing an additional 712,823 shares during the period. Price T Rowe Associates Inc. MD grew its position in Louisiana-Pacific by 83.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock worth $110,717,000 after purchasing an additional 712,671 shares during the period. Finally, Eminence Capital LP grew its position in Louisiana-Pacific by 31.4% during the 4th quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock worth $145,697,000 after purchasing an additional 491,641 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Down 3.5 %

Louisiana-Pacific stock traded down $2.88 during trading on Friday, hitting $80.23. The company had a trading volume of 705,298 shares, compared to its average volume of 934,203. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $95.70. The company has a current ratio of 3.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.21. The company’s 50 day simple moving average is $86.30 and its 200-day simple moving average is $77.54. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 10.79 and a beta of 1.89.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.40. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The firm had revenue of $724.00 million during the quarter, compared to the consensus estimate of $686.84 million. During the same quarter last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. As a group, analysts expect that Louisiana-Pacific Co. will post 5.79 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.04 annualized dividend and a yield of 1.30%. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $89.18, for a total value of $320,245.38. Following the completion of the transaction, the director now owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LPX. Seaport Res Ptn lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. Loop Capital started coverage on shares of Louisiana-Pacific in a research note on Friday, May 3rd. They issued a “hold” rating and a $82.00 price target on the stock. BMO Capital Markets raised their price target on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, TD Securities increased their price objective on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $87.11.

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.