Raymond James Trust N.A. Cuts Stake in Louisiana-Pacific Co. (NYSE:LPX)

Raymond James Trust N.A. trimmed its stake in Louisiana-Pacific Co. (NYSE:LPX) by 4.2% in the third quarter, Holdings Channel.com reports. The firm owned 2,786 shares of the building manufacturing company’s stock after selling 121 shares during the quarter. Raymond James Trust N.A.’s holdings in Louisiana-Pacific were worth $299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LPX. CWM LLC raised its holdings in shares of Louisiana-Pacific by 4.3% in the 3rd quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock worth $255,000 after purchasing an additional 97 shares during the period. Gateway Investment Advisers LLC raised its holdings in Louisiana-Pacific by 4.0% in the third quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock valued at $280,000 after buying an additional 99 shares during the period. Hanseatic Management Services Inc. lifted its position in Louisiana-Pacific by 23.3% during the third quarter. Hanseatic Management Services Inc. now owns 835 shares of the building manufacturing company’s stock valued at $90,000 after buying an additional 158 shares in the last quarter. Covestor Ltd grew its stake in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after buying an additional 163 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Louisiana-Pacific by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock worth $1,237,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Down 2.0 %

Shares of NYSE:LPX opened at $116.62 on Thursday. Louisiana-Pacific Co. has a 12-month low of $60.27 and a 12-month high of $122.87. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The firm has a market cap of $8.19 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.90 and a beta of 1.88. The company has a fifty day simple moving average of $106.87 and a 200 day simple moving average of $96.73.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.89%. Louisiana-Pacific’s payout ratio is 17.93%.

Insider Buying and Selling

In other news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the completion of the transaction, the director now owns 28,638 shares in the company, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 10.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. DA Davidson lifted their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Bank of America boosted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. Finally, Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $102.22.

About Louisiana-Pacific

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.