Royce & Associates LP Sells 37,411 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Royce & Associates LP lessened its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 21.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,651 shares of the building manufacturing company's stock after selling 37,411 shares during the quarter. Royce & Associates LP owned about 0.20% of Louisiana-Pacific worth $14,899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of LPX. CIBC Asset Management Inc acquired a new position in shares of Louisiana-Pacific during the third quarter valued at $224,000. Metis Global Partners LLC lifted its position in Louisiana-Pacific by 114.7% during the 3rd quarter. Metis Global Partners LLC now owns 6,510 shares of the building manufacturing company's stock valued at $700,000 after purchasing an additional 3,478 shares during the period. KBC Group NV boosted its stake in shares of Louisiana-Pacific by 4.2% in the 3rd quarter. KBC Group NV now owns 7,758 shares of the building manufacturing company's stock valued at $834,000 after purchasing an additional 316 shares during the last quarter. Entropy Technologies LP grew its position in shares of Louisiana-Pacific by 79.5% during the 3rd quarter. Entropy Technologies LP now owns 4,395 shares of the building manufacturing company's stock worth $472,000 after buying an additional 1,946 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Louisiana-Pacific by 5.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 5,917 shares of the building manufacturing company's stock valued at $636,000 after buying an additional 332 shares during the period. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Stock Down 0.4 %

NYSE:LPX traded down $0.47 on Friday, hitting $111.97. 646,442 shares of the company's stock were exchanged, compared to its average volume of 665,599. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The firm has a 50-day moving average price of $104.20 and a 200-day moving average price of $94.97. The company has a market cap of $7.86 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 2.70 and a beta of 1.88. Louisiana-Pacific Co. has a 52 week low of $60.00 and a 52 week high of $114.33.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio is currently 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the transaction, the chief executive officer now directly owns 596,886 shares of the company's stock, valued at $55,773,027.84. This represents a 5.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The stock was 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 of the company's stock, valued at $2,064,791.50. This represents a 10.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,400 shares of company stock worth $3,325,917 over the last 90 days. Company insiders own 1.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on LPX shares. BMO Capital Markets lifted their price objective on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 12th. DA Davidson boosted their target price on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Bank of America increased their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. The Goldman Sachs Group raised their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Louisiana-Pacific has a consensus rating of "Hold" and an average price target of $102.22.

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.