10,440 Louisiana-Pacific Corporation $LPX Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 354,940 shares of the building manufacturing company’s stock after selling 10,440 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Louisiana-Pacific were worth $22,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LPX. CenterBook Partners LP raised its holdings in shares of Louisiana-Pacific by 4.8% in the 3rd quarter. CenterBook Partners LP now owns 17,068 shares of the building manufacturing company’s stock worth $1,102,000 after purchasing an additional 776 shares in the last quarter. Putney Financial Group LLC bought a new stake in Louisiana-Pacific during the third quarter worth approximately $107,000. D.A. Davidson & CO. boosted its holdings in Louisiana-Pacific by 0.9% during the third quarter. D.A. Davidson & CO. now owns 37,856 shares of the building manufacturing company’s stock worth $2,444,000 after buying an additional 354 shares in the last quarter. Signaturefd LLC boosted its holdings in Louisiana-Pacific by 27.6% during the third quarter. Signaturefd LLC now owns 805 shares of the building manufacturing company’s stock worth $52,000 after buying an additional 174 shares in the last quarter. Finally, Simplicity Wealth LLC grew its position in Louisiana-Pacific by 58.2% in the third quarter. Simplicity Wealth LLC now owns 18,977 shares of the building manufacturing company’s stock worth $1,225,000 after buying an additional 6,979 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $75.95 on Thursday. Louisiana-Pacific Corporation has a one year low of $62.18 and a one year high of $100.34. The company has a 50-day moving average of $69.27 and a two-hundred day moving average of $74.78. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 62.94, a PEG ratio of 6.36 and a beta of 1.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.75 and a quick ratio of 1.54.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.18. Louisiana-Pacific had a net margin of 2.72% and a return on equity of 4.84%. The business had revenue of $691.00 million for the quarter, compared to the consensus estimate of $671.27 million. During the same period last year, the firm posted $0.36 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that Louisiana-Pacific Corporation will post 1.15 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, November 20th. Louisiana-Pacific’s payout ratio is presently 122.45%.

Wall Street Analysts Forecast Growth

LPX has been the topic of several research reports. Barclays dropped their price target on Louisiana-Pacific from $88.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. The Goldman Sachs Group reduced their price objective on Louisiana-Pacific from $74.00 to $64.00 and set a “sell” rating for the company in a research note on Monday, October 12th. Bank of America cut their target price on Louisiana-Pacific from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 target price on shares of Louisiana-Pacific in a report on Wednesday, November 4th. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Louisiana-Pacific has an average rating of “Moderate Buy” and an average price target of $88.27.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (LP) manufactures building products for residential construction, repair and remodeling, and light commercial markets. Its portfolio includes engineered wood siding and trim, oriented strand board (OSB) panels, and other structural and specialty building products. The company’s products include LP SmartSide siding and trim, LP OSB sheathing, and solutions designed for applications such as radiant heat control and fire-rated construction. LP serves customers primarily in North America and also has operations in South America.