Franklin Resources Inc. Has $51.98 Million Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Franklin Resources Inc. lifted its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 500,374 shares of the building manufacturing company's stock after acquiring an additional 30,297 shares during the period. Franklin Resources Inc. owned approximately 0.71% of Louisiana-Pacific worth $51,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LPX. FMR LLC increased its stake in Louisiana-Pacific by 25.2% during the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company's stock valued at $340,427,000 after acquiring an additional 638,058 shares during the period. State Street Corp increased its position in shares of Louisiana-Pacific by 10.8% during the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock valued at $231,529,000 after purchasing an additional 210,113 shares during the period. Marshall Wace LLP raised its stake in shares of Louisiana-Pacific by 92.4% in the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company's stock valued at $103,363,000 after purchasing an additional 602,803 shares in the last quarter. Pacer Advisors Inc. lifted its position in Louisiana-Pacific by 11,417.9% in the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company's stock worth $118,895,000 after purchasing an additional 1,096,804 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in Louisiana-Pacific in the 2nd quarter valued at $91,053,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LPX. DA Davidson raised their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Bank of America lifted their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an "underperform" rating in a report on Thursday, September 12th. The Goldman Sachs Group increased their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. Finally, StockNews.com downgraded Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $102.22.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now owns 18,513 shares of the company's stock, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the transaction, the director now owns 28,638 shares of the company's stock, valued at $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Louisiana-Pacific Trading Down 6.0 %

Louisiana-Pacific stock traded down $6.64 during mid-day trading on Wednesday, hitting $104.04. The stock had a trading volume of 815,835 shares, compared to its average volume of 812,483. The stock has a 50-day simple moving average of $109.96 and a two-hundred day simple moving average of $99.52. 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 stock has a market capitalization of $7.31 billion, a PE ratio of 17.94, a P/E/G ratio of 2.82 and a beta of 1.91. Louisiana-Pacific Co. has a 12 month low of $63.76 and a 12 month high of $122.87.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 1.00%. Louisiana-Pacific's dividend payout ratio is currently 17.93%.

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.