Mitsubishi UFJ Trust & Banking Corp Sells 8,966 Shares of Louisiana-Pacific Corporation $LPX

Mitsubishi UFJ Trust & Banking Corp lowered its position in Louisiana-Pacific Corporation (NYSE:LPX) by 43.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 (SEC).

Several other large investors also recently modified their holdings of LPX. Valeo Financial Advisors LLC lifted its stake in shares of Louisiana-Pacific by 33,243.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock valued at $222,610,000 after purchasing an additional 2,581,023 shares during the period. Eminence Capital LP lifted its holdings in Louisiana-Pacific by 72.3% in the second quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company’s stock valued at $248,291,000 after acquiring an additional 1,211,495 shares during the period. Norges Bank purchased a new position in shares of Louisiana-Pacific during the 2nd quarter worth $72,299,000. Invesco Ltd. grew its stake in shares of Louisiana-Pacific by 94.8% during the 2nd quarter. Invesco Ltd. now owns 1,028,250 shares of the building manufacturing company’s stock valued at $88,419,000 after acquiring an additional 500,449 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Louisiana-Pacific by 65.2% in the 2nd quarter. AQR Capital Management LLC now owns 594,896 shares of the building manufacturing company’s stock worth $51,155,000 after buying an additional 234,734 shares during the period. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Stock Down 3.3%

Shares of LPX opened at $83.60 on Friday. The company has a market capitalization of $5.82 billion, a PE ratio of 27.06 and a beta of 1.80. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $85.45 and a two-hundred day simple moving average of $88.18. Louisiana-Pacific Corporation has a 52-week low of $73.42 and a 52-week high of $119.91.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The business had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. During the same period last year, the company earned $1.22 EPS. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. As a group, equities analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Insider Transactions at Louisiana-Pacific

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 stock was bought at an average cost of $78.06 per share, with a total value of $249,792.00. Following the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William Bradley Southern sold 55,346 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $91.66, for a total value of $5,073,014.36. Following the completion of the transaction, the chief executive officer directly owned 503,381 shares of the company’s stock, valued at $46,139,902.46. This trade represents a 9.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 113,344 shares of company stock valued at $10,170,949. Corporate insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

LPX has been the topic of a number of research analyst reports. Barclays boosted their target price on Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. TD Securities reduced their price objective on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. Vertical Research initiated coverage on Louisiana-Pacific in a research report on Monday, October 20th. They issued a “buy” rating for the company. DA Davidson reaffirmed a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a research report on Wednesday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $106.57.

Louisiana-Pacific 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.