Coldstream Capital Management Inc. Makes New $391,000 Investment in Louisiana-Pacific Co. (NYSE:LPX)

Coldstream Capital Management Inc. acquired a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,605 shares of the building manufacturing company’s stock, valued at approximately $391,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LPX. William Blair Investment Management LLC purchased a new stake in Louisiana-Pacific in the second quarter worth $91,053,000. Pacer Advisors Inc. grew its holdings in shares of Louisiana-Pacific by 11,417.9% in the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock worth $118,895,000 after acquiring an additional 1,096,804 shares during the period. FMR LLC increased its position in shares of Louisiana-Pacific by 25.2% during the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after purchasing an additional 638,058 shares during the last quarter. Marshall Wace LLP lifted its position in Louisiana-Pacific by 92.4% during the second 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 in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock valued at $36,834,000 after acquiring an additional 292,200 shares during the period. 94.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on LPX. Royal Bank of Canada increased their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. The Goldman Sachs Group raised their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. BMO Capital Markets upped their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. Finally, TD Securities increased their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Two investment 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 stock currently has a consensus rating of “Hold” and a consensus target price of $102.22.

Louisiana-Pacific Trading Down 2.3 %

Shares of Louisiana-Pacific stock opened at $112.83 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The company’s 50-day simple moving average is $109.77 and its 200-day simple moving average is $99.16. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth 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.

Louisiana-Pacific Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 10.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total value of $34,023.00. Following the completion of the transaction, the director now owns 28,638 shares in the company, valued at $3,247,835.58. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company 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.