South Dakota Investment Council Trims Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

South Dakota Investment Council decreased its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,567 shares of the building manufacturing company's stock after selling 8,328 shares during the period. South Dakota Investment Council's holdings in Louisiana-Pacific were worth $2,544,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LPX. UMB Bank n.a. grew its stake in shares of Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Louisiana-Pacific in the 4th quarter valued at approximately $35,000. Versant Capital Management Inc grew its stake in shares of Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Louisiana-Pacific in the 3rd quarter valued at approximately $38,000. Finally, Covestor Ltd grew its stake in shares of Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

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Louisiana-Pacific Price Performance

LPX traded down $0.44 during trading on Thursday, reaching $99.58. 944,144 shares of the stock were exchanged, compared to its average volume of 689,520. The business's 50 day moving average price is $109.65 and its two-hundred day moving average price is $106.67. 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 company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 1.24 and a beta of 1.95. Louisiana-Pacific Co. has a 1 year low of $71.39 and a 1 year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. The company 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%. Louisiana-Pacific's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, equities research analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a $0.28 dividend. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific's dividend payout ratio is currently 19.05%.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the sale, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Loop Capital lowered their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday. Royal Bank of Canada restated an "outperform" rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. The Goldman Sachs Group lifted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. TD Securities decreased their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. Finally, BMO Capital Markets lifted their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $111.50.

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.