Coldstream Capital Management Inc. Invests $391,000 in Louisiana-Pacific Co. (NYSE:LPX)

Coldstream Capital Management Inc. acquired a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,605 shares of the building manufacturing company’s stock, valued at approximately $391,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CWM LLC boosted its holdings in shares of Louisiana-Pacific by 4.3% during the 3rd quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock worth $255,000 after buying an additional 97 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of Louisiana-Pacific by 4.0% during the third quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock valued at $280,000 after acquiring an additional 99 shares during the period. Hanseatic Management Services Inc. boosted its position in Louisiana-Pacific by 23.3% in the third quarter. Hanseatic Management Services Inc. now owns 835 shares of the building manufacturing company’s stock valued at $90,000 after buying an additional 158 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Louisiana-Pacific by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock valued at $1,237,000 after buying an additional 167 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the transaction, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. The trade was a 10.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Down 2.3 %

LPX opened at $112.83 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.82 and a beta of 1.91. The company’s 50-day moving average price is $109.77 and its two-hundred day moving average price is $99.16. Louisiana-Pacific Co. has a twelve month low of $63.76 and a twelve month high of $122.87.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. BMO Capital Markets raised their price target on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. TD Securities boosted their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, DA Davidson raised their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $102.22.

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.