First Hawaiian Bank Sells 2,616 Shares of Louisiana-Pacific Co. (NYSE:LPX)

First Hawaiian Bank lowered its stake in Louisiana-Pacific Co. (NYSE:LPX) by 25.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,865 shares of the building manufacturing company’s stock after selling 2,616 shares during the quarter. First Hawaiian Bank’s holdings in Louisiana-Pacific were worth $648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after purchasing an additional 177 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Louisiana-Pacific by 0.3% during the first quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock valued at $6,763,000 after acquiring an additional 220 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Louisiana-Pacific by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 28,499 shares of the building manufacturing company’s stock valued at $2,019,000 after acquiring an additional 280 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Louisiana-Pacific by 0.5% during the first quarter. BNP Paribas Financial Markets now owns 59,907 shares of the building manufacturing company’s stock valued at $5,027,000 after acquiring an additional 285 shares in the last quarter. Finally, LifeSteps Financial Inc. bought a new position in shares of Louisiana-Pacific during the first quarter valued at approximately $25,000. Institutional investors own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $89.18, for a total value of $320,245.38. Following the transaction, the director now owns 23,501 shares of the company’s stock, valued at $2,095,819.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.26% of the stock is currently owned by insiders.

Louisiana-Pacific Stock Down 3.0 %

Shares of NYSE LPX traded down $2.86 during trading on Monday, reaching $91.81. The company had a trading volume of 691,931 shares, compared to its average volume of 930,762. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $100.65. The stock has a market cap of $6.58 billion, a PE ratio of 25.22, a P/E/G ratio of 13.92 and a beta of 1.89. The business’s 50-day moving average is $88.89 and its 200 day moving average is $80.57. The company has a quick ratio of 1.75, a current ratio of 3.32 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The company had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $686.84 million. During the same period last year, the firm posted $0.34 earnings per share. Louisiana-Pacific’s revenue was up 24.0% compared to the same quarter last year. As a group, equities analysts forecast that Louisiana-Pacific Co. will post 5.23 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.04 annualized dividend and a dividend yield of 1.13%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 28.57%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. DA Davidson upped their target price on Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 14th. BMO Capital Markets increased their price objective on Louisiana-Pacific from $83.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Royal Bank of Canada increased their price objective on Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. The Goldman Sachs Group downgraded Louisiana-Pacific from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $89.00 to $81.00 in a report on Monday, June 17th. Finally, TD Securities increased their price objective on Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $90.50.

Louisiana-Pacific Company 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.