First Hawaiian Bank Has $648,000 Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

First Hawaiian Bank lowered its stake in Louisiana-Pacific Co. (NYSE:LPX) by 25.0% during the second quarter, according to the company in its most recent Form 13F filing 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in Louisiana-Pacific by 48,193.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock worth $13,616,000 after purchasing an additional 161,931 shares during the period. Russell Investments Group Ltd. grew its holdings in Louisiana-Pacific by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock worth $18,045,000 after purchasing an additional 7,367 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Louisiana-Pacific by 83.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock worth $110,717,000 after purchasing an additional 712,671 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Louisiana-Pacific by 16.3% during the first 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 purchasing an additional 6,533 shares during the period. Finally, Duality Advisers LP grew its holdings in Louisiana-Pacific by 84.5% during the fourth quarter. Duality Advisers LP now owns 25,638 shares of the building manufacturing company’s stock worth $1,816,000 after purchasing an additional 11,740 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the completion of the transaction, the director now directly owns 23,501 shares in the company, valued at $2,095,819.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

LPX has been the subject of a number of research analyst reports. Seaport Res Ptn cut Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. TD Securities boosted 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. DA Davidson boosted their price objective on Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 14th. The Goldman Sachs Group cut Louisiana-Pacific from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $89.00 to $81.00 in a report on Monday, June 17th. Finally, BMO Capital Markets boosted 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $90.50.

Louisiana-Pacific Price Performance

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

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

Louisiana-Pacific Dividend Announcement

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

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.