Crossmark Global Holdings Inc. Raises Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Crossmark Global Holdings Inc. boosted its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 4.2% in the third quarter, Holdings Channel reports. The institutional investor owned 4,442 shares of the building manufacturing company’s stock after acquiring an additional 181 shares during the period. Crossmark Global Holdings Inc.’s holdings in Louisiana-Pacific were worth $477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bessemer Group Inc. boosted its position in Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after purchasing an additional 318 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Louisiana-Pacific in the 3rd quarter valued at about $38,000. GAMMA Investing LLC grew its position in shares of Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after buying an additional 177 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Louisiana-Pacific during the 3rd quarter worth approximately $43,000. Finally, Covestor Ltd lifted its position in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after acquiring an additional 163 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LPX. DA Davidson lifted their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Royal Bank of Canada raised their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Bank of America upped their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. Finally, BMO Capital Markets lifted their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Louisiana-Pacific has a consensus rating of “Hold” and a consensus target price of $102.22.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $111.97 on Friday. Louisiana-Pacific Co. has a twelve month low of $60.00 and a twelve month high of $114.33. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The company has a market cap of $7.86 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 2.68 and a beta of 1.88. The company’s 50 day moving average is $104.20 and its 200 day moving average is $94.81.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.93%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

Insider Activity at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now directly owns 28,638 shares of the company’s stock, valued at $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The trade was a 10.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,400 shares of company stock worth $3,325,917 over the last three months. Company insiders own 1.26% of the company’s stock.

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.