Louisiana-Pacific Co. (NYSE:LPX) Stock Holdings Lowered by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 11.3% in the 2nd quarter, Holdings Channel reports. The fund owned 4,261 shares of the building manufacturing company’s stock after selling 543 shares during the period. Crossmark Global Holdings Inc.’s holdings in Louisiana-Pacific were worth $351,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LPX. LifeSteps Financial Inc. bought a new position in shares of Louisiana-Pacific during the first quarter worth about $25,000. Fidelis Capital Partners LLC bought a new position in shares of Louisiana-Pacific during the first quarter worth about $25,000. Whittier Trust Co. bought a new position in shares of Louisiana-Pacific during the first quarter worth about $31,000. Bessemer Group Inc. grew its position in shares of Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after acquiring an additional 318 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after acquiring an additional 177 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $94.25 on Wednesday. Louisiana-Pacific Co. has a twelve month low of $49.47 and a twelve month high of $101.89. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 0.62 and a beta of 1.89. The firm has a 50-day moving average of $91.17 and a two-hundred day moving average of $84.83.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. During the same period in the prior year, the company earned $0.55 EPS. Louisiana-Pacific’s revenue was up 33.2% on a year-over-year basis. As a group, analysts expect that Louisiana-Pacific Co. will post 5.05 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Analysts Set New Price Targets

LPX has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their target price on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research report on Thursday, August 8th. BMO Capital Markets lowered shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a research report on Thursday, August 8th. Seaport Res Ptn lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research report on Thursday, May 9th. DA Davidson increased their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Finally, Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $94.88.

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 dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at $55,773,027.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the sale, the director now directly owns 29,008 shares in the company, valued at $2,787,668.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,991 shares of company stock valued at $3,443,269. 1.26% of the stock is currently owned by corporate 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.