Allspring Global Investments Holdings LLC Has $12 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Allspring Global Investments Holdings LLC lowered its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,477 shares of the building manufacturing company's stock after selling 6,842 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.16% of Louisiana-Pacific worth $11,995,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. CWM LLC grew its stake in shares of Louisiana-Pacific by 4.3% in the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company's stock valued at $255,000 after buying an additional 97 shares in the last quarter. Hanseatic Management Services Inc. boosted its holdings in Louisiana-Pacific by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock valued at $97,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Louisiana-Pacific by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock valued at $1,802,000 after purchasing an additional 100 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Louisiana-Pacific by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company's stock valued at $242,000 after purchasing an additional 124 shares during the last quarter. Finally, Choreo LLC boosted its holdings in Louisiana-Pacific by 2.7% in the fourth quarter. Choreo LLC now owns 5,546 shares of the building manufacturing company's stock valued at $574,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on LPX. DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday. Royal Bank of Canada reissued an "outperform" rating and issued a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday. BMO Capital Markets increased their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday. TD Securities reduced their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday. Finally, StockNews.com downgraded Louisiana-Pacific from a "buy" rating to a "hold" rating in a report on Sunday, November 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $108.00.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded down $2.11 during mid-day trading on Friday, hitting $98.78. The company had a trading volume of 995,005 shares, compared to its average volume of 671,279. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.23 and a beta of 1.95. Louisiana-Pacific Co. has a 12 month low of $67.47 and a 12 month high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The firm's 50 day simple moving average is $110.24 and its two-hundred day simple moving average is $106.49.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business's revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. As a group, equities research analysts forecast that Louisiana-Pacific Co. will post 5.37 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a $0.28 dividend. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.13%. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is currently 17.69%.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.26% of the stock is owned by insiders.

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.