Wellington Management Group LLP Cuts Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Wellington Management Group LLP cut its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 45.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 263,047 shares of the building manufacturing company's stock after selling 219,030 shares during the quarter. Wellington Management Group LLP owned 0.37% of Louisiana-Pacific worth $28,267,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC purchased a new position in Louisiana-Pacific in the second quarter valued at about $91,053,000. Pacer Advisors Inc. increased its stake in Louisiana-Pacific by 11,417.9% during the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company's stock valued at $118,895,000 after acquiring an additional 1,096,804 shares during the period. 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. Marshall Wace LLP grew its stake in shares of Louisiana-Pacific by 92.4% in 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 during the period. Finally, Renaissance Technologies LLC grew its position 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 worth $36,834,000 after acquiring an additional 292,200 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Down 1.7 %

NYSE LPX traded down $1.95 during trading hours on Friday, reaching $113.48. 150,014 shares of the company's stock traded hands, compared to its average volume of 813,349. 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 market cap of $7.97 billion, a PE ratio of 19.89, a PEG ratio of 2.82 and a beta of 1.91. Louisiana-Pacific Co. has a 52-week low of $63.76 and a 52-week high of $122.87. The firm has a 50-day simple moving average of $109.63 and a 200 day simple moving average of $98.93.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.92%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio is presently 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value 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 represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Monday, September 16th. The shares were 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 in the company, valued at $2,064,791.50. This trade represents a 10.64 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LPX. Bank of America increased their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the company an "underperform" rating in a research note on Thursday, September 12th. BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a "market perform" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group lifted their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. DA Davidson lifted their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a report on Sunday, November 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $102.22.

Louisiana-Pacific Company 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.