Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by American International Group Inc.

American International Group Inc. trimmed its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 4.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 86,687 shares of the building manufacturing company’s stock after selling 3,730 shares during the period. American International Group Inc.’s holdings in Louisiana-Pacific were worth $6,140,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Louisiana-Pacific by 232.9% during the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock valued at $56,000 after purchasing an additional 552 shares in the last quarter. Principal Securities Inc. acquired a new stake in Louisiana-Pacific during the 4th quarter valued at $75,000. Larson Financial Group LLC boosted its stake in Louisiana-Pacific by 101.2% during the 4th quarter. Larson Financial Group LLC now owns 1,354 shares of the building manufacturing company’s stock valued at $96,000 after acquiring an additional 681 shares during the last quarter. Simplicity Solutions LLC bought a new position in Louisiana-Pacific during the 4th quarter valued at $204,000. Finally, Raymond James Trust N.A. bought a new position in Louisiana-Pacific during the 4th quarter valued at $206,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LPX. Loop Capital began coverage on shares of Louisiana-Pacific in a research note on Friday, May 3rd. They set a “hold” rating and a $82.00 price objective on the stock. DA Davidson increased their price objective on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Seaport Res Ptn downgraded shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group downgraded shares of Louisiana-Pacific from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $89.00 to $81.00 in a research report on Monday, June 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $87.11.

Louisiana-Pacific Trading Down 0.8 %

Shares of NYSE:LPX opened at $85.91 on Friday. The company has a market cap of $6.16 billion, a PE ratio of 23.60, a P/E/G ratio of 11.51 and a beta of 1.92. The company’s 50-day moving average price is $84.51 and its 200 day moving average price is $76.30. Louisiana-Pacific Co. has a fifty-two week low of $49.47 and a fifty-two week high of $95.70. The company has a quick ratio of 1.75, a current ratio of 3.32 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.40. The firm had revenue of $724.00 million for the quarter, compared to the consensus estimate of $686.84 million. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. Louisiana-Pacific’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. Sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.79 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.04 annualized dividend and a yield of 1.21%. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the transaction, the director now owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.26% of the stock is currently owned by insiders.

About Louisiana-Pacific

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.