Baird Financial Group Inc. Reduces Position in Louisiana-Pacific Co. (NYSE:LPX)

Baird Financial Group Inc. trimmed its holdings in Louisiana-Pacific Co. (NYSE:LPXGet Rating) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,426 shares of the building manufacturing company’s stock after selling 958 shares during the quarter. Baird Financial Group Inc.’s holdings in Louisiana-Pacific were worth $1,071,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LPX. Financial Management Professionals Inc. grew its stake in shares of Louisiana-Pacific by 2,900.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 480 shares of the building manufacturing company’s stock valued at $25,000 after purchasing an additional 464 shares during the last quarter. Zions Bancorporation N.A. purchased a new position in Louisiana-Pacific during the 1st quarter worth $25,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter worth $52,000. CENTRAL TRUST Co boosted its holdings in shares of Louisiana-Pacific by 189.0% in the first quarter. CENTRAL TRUST Co now owns 1,445 shares of the building manufacturing company’s stock valued at $90,000 after acquiring an additional 945 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Louisiana-Pacific by 35.2% during the first quarter. Covestor Ltd now owns 1,720 shares of the building manufacturing company’s stock worth $107,000 after acquiring an additional 448 shares during the period. Hedge funds and other institutional investors own 91.07% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $61.66 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $54.87 and its 200 day moving average price is $58.95. Louisiana-Pacific Co. has a 52 week low of $48.20 and a 52 week high of $79.77. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 3.96 and a beta of 1.61.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 9th will be given a $0.22 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.88 annualized dividend and a dividend yield of 1.43%. Louisiana-Pacific’s dividend payout ratio is presently 5.65%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LPX. TD Securities dropped their target price on Louisiana-Pacific from $70.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, November 2nd. Bank of America downgraded Louisiana-Pacific from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $64.00 to $56.00 in a report on Tuesday, September 20th. DA Davidson upped their price target on shares of Louisiana-Pacific to $70.00 in a research note on Monday, August 15th. Finally, initiated coverage on shares of Louisiana-Pacific in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from, the company has a consensus rating of “Hold” and an average price target of $66.50.

Louisiana-Pacific Company Profile

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Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.

Further Reading

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Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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