Crossmark Global Holdings Inc. Buys 181 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Crossmark Global Holdings Inc. increased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,442 shares of the building manufacturing company’s stock after acquiring an additional 181 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Louisiana-Pacific were worth $477,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Diversified Trust Co bought a new position in shares of Louisiana-Pacific during the 2nd quarter valued at about $590,000. Ensign Peak Advisors Inc grew its holdings in Louisiana-Pacific by 57.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock valued at $2,917,000 after buying an additional 12,950 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Louisiana-Pacific by 16.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company’s stock worth $3,914,000 after acquiring an additional 6,533 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Louisiana-Pacific during the 1st quarter worth approximately $827,000. Finally, Sei Investments Co. boosted its position in shares of Louisiana-Pacific by 354.7% during the 1st quarter. Sei Investments Co. now owns 42,610 shares of the building manufacturing company’s stock valued at $3,575,000 after acquiring an additional 33,239 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Price Performance

LPX opened at $111.97 on Friday. The business has a fifty day moving average of $104.20 and a 200 day moving average of $94.81. The stock has a market cap of $7.86 billion, a P/E ratio of 19.31, a PEG ratio of 2.68 and a beta of 1.88. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 52-week low of $60.00 and a 52-week high of $114.33.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the transaction, the director now owns 28,638 shares of the company’s stock, valued at $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now owns 21,005 shares in the company, 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. Over the last ninety days, insiders have sold 35,400 shares of company stock worth $3,325,917. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on LPX. DA Davidson boosted their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Bank of America boosted their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. Finally, TD Securities raised their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific currently has an average rating of “Hold” and a consensus target price of $102.22.

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.