Metis Global Partners LLC Reduces Stake in Louisiana-Pacific Corporation $LPX

Metis Global Partners LLC reduced its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,396 shares of the building manufacturing company’s stock after selling 1,206 shares during the period. Metis Global Partners LLC’s holdings in Louisiana-Pacific were worth $464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC increased its holdings in shares of Louisiana-Pacific by 4.1% in the 1st quarter. CWM LLC now owns 2,919 shares of the building manufacturing company’s stock valued at $268,000 after acquiring an additional 115 shares during the period. Xponance Inc. increased its stake in Louisiana-Pacific by 1.1% in the 1st quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company’s stock valued at $1,046,000 after purchasing an additional 127 shares in the last quarter. Moran Wealth Management LLC raised its position in Louisiana-Pacific by 2.4% during the second quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company’s stock worth $568,000 after acquiring an additional 156 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Louisiana-Pacific by 2.2% in the first quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company’s stock worth $732,000 after acquiring an additional 170 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its position in shares of Louisiana-Pacific by 3.3% in the first quarter. Wealthspire Advisors LLC now owns 6,292 shares of the building manufacturing company’s stock valued at $579,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on LPX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. Zacks Research downgraded Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday. Vertical Research assumed coverage on Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating for the company. TD Securities reduced their price target on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. Finally, DA Davidson reaffirmed a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a research report on Thursday, September 25th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $106.33.

Insiders Place Their Bets

In other news, Director Stephen E. Macadam bought 3,200 shares of the company’s stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $78.06 per share, with a total value of $249,792.00. Following the transaction, the director directly owned 41,149 shares in the company, valued at approximately $3,212,090.94. This trade represents a 8.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by insiders.

Louisiana-Pacific Stock Performance

LPX stock opened at $77.96 on Thursday. The firm has a 50 day simple moving average of $89.12 and a 200 day simple moving average of $90.59. Louisiana-Pacific Corporation has a 52 week low of $76.25 and a 52 week high of $122.87. The stock has a market cap of $5.43 billion, a P/E ratio of 18.39 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) 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 analysts’ expectations of $670.26 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 EPS. Research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 14th will be paid a $0.28 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. Louisiana-Pacific’s payout ratio is 36.25%.

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.