Quadrature Capital Ltd Reduces Position in Louisiana-Pacific Co. (NYSE:LPX)

Quadrature Capital Ltd lowered its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 33.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,630 shares of the building manufacturing company's stock after selling 19,783 shares during the quarter. Quadrature Capital Ltd owned about 0.05% of Louisiana-Pacific worth $4,150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LPX. William Blair Investment Management LLC bought a new stake in Louisiana-Pacific during the 2nd quarter valued at $91,053,000. Pacer Advisors Inc. increased its stake in Louisiana-Pacific by 11,417.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company's stock valued at $118,895,000 after purchasing an additional 1,096,804 shares in the last quarter. FMR LLC increased its stake in Louisiana-Pacific by 25.2% during the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company's stock valued at $340,427,000 after purchasing an additional 638,058 shares in the last quarter. Marshall Wace LLP increased its stake in Louisiana-Pacific by 92.4% during the 2nd 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. Finally, Renaissance Technologies LLC increased its stake in Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company's stock valued at $36,834,000 after purchasing an additional 292,200 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on LPX shares. StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. DA Davidson upped their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Bank of America upped their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a research note on Thursday, September 12th. TD Securities upped their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 12th. Two investment 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. According to data from MarketBeat.com, Louisiana-Pacific presently has an average rating of "Hold" and a consensus target price of $102.22.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now directly owns 21,005 shares of the company's stock, valued at $2,064,791.50. This represents a 10.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now directly owns 28,638 shares in the company, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Louisiana-Pacific Stock Performance

LPX traded up $0.31 during trading on Friday, hitting $120.27. 413,460 shares of the company traded hands, compared to its average volume of 821,605. The firm has a market cap of $8.45 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.82 and a beta of 1.91. The stock's fifty day moving average is $108.88 and its 200 day moving average is $98.18. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a one year low of $61.25 and a one year high of $122.87.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors 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 yield of 0.86%. Louisiana-Pacific's 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.