Louisiana-Pacific Corporation $LPX Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 43.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,559 shares of the building manufacturing company’s stock after selling 8,966 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Louisiana-Pacific were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LPX. American Century Companies Inc. grew its stake in Louisiana-Pacific by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 555,489 shares of the building manufacturing company’s stock valued at $47,766,000 after acquiring an additional 29,803 shares during the last quarter. Ceredex Value Advisors LLC raised its holdings in Louisiana-Pacific by 57.2% in the 2nd quarter. Ceredex Value Advisors LLC now owns 124,100 shares of the building manufacturing company’s stock valued at $10,671,000 after acquiring an additional 45,175 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in Louisiana-Pacific by 31.3% in the third quarter. UniSuper Management Pty Ltd now owns 49,785 shares of the building manufacturing company’s stock valued at $4,423,000 after purchasing an additional 11,873 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Louisiana-Pacific in the second quarter worth approximately $424,000. Finally, Elo Mutual Pension Insurance Co acquired a new position in shares of Louisiana-Pacific in the 2nd quarter valued at $977,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $83.60 on Friday. The firm has a market cap of $5.82 billion, a P/E ratio of 27.06 and a beta of 1.80. The stock’s 50-day moving average is $85.45 and its two-hundred day moving average is $88.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.93 and a quick ratio of 1.72. Louisiana-Pacific Corporation has a fifty-two week low of $73.42 and a fifty-two week high of $119.91.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $663.00 million during the quarter, compared to the consensus estimate of $670.26 million. Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The firm’s revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 earnings per share. Analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LPX shares. DA Davidson reiterated a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a report on Wednesday. Vertical Research started coverage on shares of Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating on the stock. TD Securities lowered their price target on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Finally, Royal Bank Of Canada dropped their target price on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.57.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Stephen E. Macadam purchased 3,200 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $78.06 per share, for a total transaction of $249,792.00. Following the completion of the purchase, the director directly owned 41,149 shares of the company’s stock, valued at approximately $3,212,090.94. This represents a 8.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Bradley Southern sold 14,166 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $93.08, for a total value of $1,318,571.28. Following the completion of the sale, the chief executive officer owned 489,215 shares in the company, valued at approximately $45,536,132.20. This represents a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 113,344 shares of company stock worth $10,170,949. 1.42% of the stock is currently owned by company insiders.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.