Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 2,537 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management cut its stake in Louisiana-Pacific Co. (NYSE:LPX) by 47.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,856 shares of the building manufacturing company’s stock after selling 2,537 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Louisiana-Pacific were worth $202,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LPX. Channing Capital Management LLC bought a new stake in shares of Louisiana-Pacific in the 4th quarter valued at $73,662,000. Invesco Ltd. boosted its position in Louisiana-Pacific by 57.8% during the third quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company’s stock valued at $44,026,000 after acquiring an additional 291,833 shares during the last quarter. Ceredex Value Advisors LLC grew its holdings in Louisiana-Pacific by 2.9% during the 4th quarter. Ceredex Value Advisors LLC now owns 716,251 shares of the building manufacturing company’s stock worth $50,732,000 after acquiring an additional 20,351 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Louisiana-Pacific by 21.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 503,348 shares of the building manufacturing company’s stock worth $27,820,000 after acquiring an additional 88,147 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Louisiana-Pacific by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 464,553 shares of the building manufacturing company’s stock valued at $25,676,000 after purchasing an additional 6,774 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Performance

LPX stock opened at $86.96 on Friday. The business has a 50 day moving average of $77.67 and a 200-day moving average of $69.39. The firm has a market cap of $6.29 billion, a PE ratio of 35.49 and a beta of 1.87. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $88.40. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.40. The firm had revenue of $724.00 million during the quarter, compared to the consensus estimate of $686.84 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. As a group, sell-side analysts expect that Louisiana-Pacific Co. will post 4.89 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, May 21st. Louisiana-Pacific’s payout ratio is 42.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LPX shares. Royal Bank of Canada raised their target price on Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday. TheStreet downgraded shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. TD Cowen reiterated a “hold” rating and set a $75.00 target price on shares of Louisiana-Pacific in a research report on Thursday, January 11th. DA Davidson raised their price target on shares of Louisiana-Pacific from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Loop Capital assumed coverage on shares of Louisiana-Pacific in a research note on Friday, May 3rd. They issued a “hold” rating and a $82.00 price target for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.89.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the transaction, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.53% of the company’s stock.

Louisiana-Pacific Profile

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.