Allianz Asset Management GmbH Has $1.01 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

WINTON GROUP Ltd purchased a new stake in Louisiana-Pacific in the first quarter valued at approximately $341,000. Wesbanco Bank Inc.

Louisiana-Pacific logoAllianz Asset Management GmbH decreased its position in Louisiana-Pacific Co. (NYSE:LPX) by 26.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,021 shares of the construction company’s stock after selling 12,273 shares during the period. Allianz Asset Management GmbH’s holdings in Louisiana-Pacific were worth $1,008,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Louisiana-Pacific by 2.4% in the first quarter. Principal Financial Group Inc. now owns 642,424 shares of the construction company’s stock valued at $18,483,000 after buying an additional 15,148 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Louisiana-Pacific in the first quarter valued at approximately $341,000. Wesbanco Bank Inc. purchased a new stake in Louisiana-Pacific during the first quarter worth approximately $2,515,000. CIBC World Markets Inc. purchased a new stake in Louisiana-Pacific during the first quarter worth approximately $326,000. Finally, Moors & Cabot Inc. grew its stake in Louisiana-Pacific by 69.5% during the first quarter. Moors & Cabot Inc. now owns 14,452 shares of the construction company’s stock worth $416,000 after buying an additional 5,925 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of Louisiana-Pacific stock traded up $0.59 during trading on Friday, hitting $30.19. 2,128,300 shares of the stock were exchanged, compared to its average volume of 1,720,757. The firm has a market capitalization of $4.09 billion, a P/E ratio of 12.96, a P/E/G ratio of 1.95 and a beta of 1.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.57 and a current ratio of 5.68. Louisiana-Pacific Co. has a 12 month low of $23.39 and a 12 month high of $31.19.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, August 7th. The construction company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.98 by $0.10. The business had revenue of $810.80 million during the quarter, compared to analyst estimates of $788.55 million. Louisiana-Pacific had a net margin of 16.85% and a return on equity of 28.21%. sell-side analysts forecast that Louisiana-Pacific Co. will post 2.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $0.52 dividend on an annualized basis and a yield of 1.72%. Louisiana-Pacific’s dividend payout ratio is presently 22.32%.

Louisiana-Pacific announced that its board has initiated a share repurchase program on Tuesday, August 7th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 4th. BMO Capital Markets reissued a “sell” rating and set a $27.00 target price on shares of Louisiana-Pacific in a research report on Tuesday, April 24th. ValuEngine cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. DA Davidson raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 8th. Finally, Bank of America raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Louisiana-Pacific has an average rating of “Hold” and a consensus price target of $33.25.

In other Louisiana-Pacific news, Director Gary Cook sold 2,558 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $29.00, for a total transaction of $74,182.00. Following the completion of the sale, the director now directly owns 52,697 shares of the company’s stock, valued at $1,528,213. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lizanne C. Gottung sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $29.25, for a total transaction of $204,750.00. Following the sale, the director now directly owns 18,115 shares of the company’s stock, valued at $529,863.75. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

Further Reading: Earnings Per Share (EPS) Explained

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

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BlackRock Inc. Reduces Holdings in Triangle Capital Co. (TCAP)

BlackRock Inc. decreased its stake in Triangle Capital Co. (NYSE:TCAP) by 13.8% in the 1st quarter, according to its most recent Form 13F filing with …

Triangle Capital logoBlackRock Inc. decreased its stake in Triangle Capital Co. (NYSE:TCAP) by 13.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,092 shares of the credit services provider’s stock after selling 42,295 shares during the period. BlackRock Inc. owned approximately 0.55% of Triangle Capital worth $2,928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Advisor Group Inc. raised its position in shares of Triangle Capital by 176.2% in the fourth quarter. Advisor Group Inc. now owns 11,453 shares of the credit services provider’s stock valued at $110,000 after buying an additional 7,307 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Triangle Capital in the fourth quarter valued at approximately $113,000. Trexquant Investment LP purchased a new stake in Triangle Capital in the first quarter valued at approximately $165,000. Jane Street Group LLC purchased a new stake in Triangle Capital in the fourth quarter valued at approximately $199,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Triangle Capital in the fourth quarter valued at approximately $536,000. Institutional investors own 50.10% of the company’s stock.

A number of research firms recently issued reports on TCAP. Zacks Investment Research upgraded shares of Triangle Capital from a “sell” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, June 20th. ValuEngine downgraded shares of Triangle Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, National Securities reiterated a “neutral” rating and set a $13.00 price objective on shares of Triangle Capital in a research note on Monday, May 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.90.

TCAP remained flat at $$11.80 during trading on Friday. The company has a market cap of $571.32 million, a P/E ratio of 7.61 and a beta of 0.75. The company has a quick ratio of 116.18, a current ratio of 116.18 and a debt-to-equity ratio of 0.83. Triangle Capital Co. has a twelve month low of $8.91 and a twelve month high of $16.44.

The business also recently declared a special dividend, which was paid on Friday, August 3rd. Investors of record on Thursday, August 2nd were issued a $1.78 dividend. The ex-dividend date was Monday, August 6th. This is a boost from Triangle Capital’s previous special dividend of $0.05. Triangle Capital’s dividend payout ratio is currently 77.42%.

Triangle Capital Company Profile

Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

Read More: Earnings Per Share

Institutional Ownership by Quarter for Triangle Capital (NYSE:TCAP)

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BlackRock Inc. Sells 99570 Shares of PC Tel Inc (PCTI)

BlackRock Inc. trimmed its stake in PC Tel Inc (NASDAQ:PCTI) by 16.5% during the first quarter, according to its most recent 13F filing with the …

PC Tel logoBlackRock Inc. trimmed its stake in PC Tel Inc (NASDAQ:PCTI) by 16.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 503,375 shares of the Wireless communications provider’s stock after selling 99,570 shares during the period. BlackRock Inc. owned approximately 2.75% of PC Tel worth $3,614,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC purchased a new stake in PC Tel in the fourth quarter valued at approximately $118,000. Raymond James & Associates purchased a new stake in PC Tel in the fourth quarter valued at approximately $510,000. Bank of New York Mellon Corp grew its holdings in PC Tel by 403.0% in the fourth quarter. Bank of New York Mellon Corp now owns 103,494 shares of the Wireless communications provider’s stock valued at $764,000 after purchasing an additional 82,917 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in PC Tel by 0.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,478,515 shares of the Wireless communications provider’s stock valued at $10,897,000 after purchasing an additional 11,962 shares during the period. 83.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the stock. TheStreet downgraded shares of PC Tel from a “b” rating to a “c+” rating in a report on Monday, July 9th. Zacks Investment Research downgraded shares of PC Tel from a “hold” rating to a “sell” rating in a report on Wednesday. Lake Street Capital downgraded shares of PC Tel from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $9.00 to $6.00 in a research note on Thursday, August 9th. B. Riley upgraded shares of PC Tel from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $8.50 to $4.50 in a research note on Thursday, August 9th. Finally, ValuEngine downgraded shares of PC Tel from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. PC Tel currently has a consensus rating of “Hold” and an average price target of $6.25.

Shares of NASDAQ PCTI traded down $0.09 during trading on Friday, reaching $4.18. 24,500 shares of the stock were exchanged, compared to its average volume of 34,464. PC Tel Inc has a twelve month low of $4.12 and a twelve month high of $7.85. The stock has a market cap of $81.32 million, a P/E ratio of 41.80 and a beta of 0.51.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 8th were issued a $0.055 dividend. The ex-dividend date was Tuesday, August 7th. This represents a $0.22 annualized dividend and a yield of 5.26%. PC Tel’s dividend payout ratio is presently 220.00%.

PC Tel Company Profile

PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company operates in two segments, Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.

Read More: Earnings Per Share

Institutional Ownership by Quarter for PC Tel (NASDAQ:PCTI)

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BlackRock Inc. Grows Holdings in Vanguard Long Term Corporate Bond ETF (NASDAQ:VCLT)

BlackRock Inc. lifted its stake in Vanguard Long Term Corporate Bond ETF (NASDAQ:VCLT) by 1.9% in the 1st quarter, according to its most recent …

Vanguard Long Term Corporate Bond ETF logoBlackRock Inc. lifted its stake in Vanguard Long Term Corporate Bond ETF (NASDAQ:VCLT) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,837 shares of the exchange traded fund’s stock after purchasing an additional 651 shares during the period. BlackRock Inc. owned approximately 0.14% of Vanguard Long Term Corporate Bond ETF worth $3,183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Daiwa Securities Group Inc. raised its position in shares of Vanguard Long Term Corporate Bond ETF by 24.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,100 shares of the exchange traded fund’s stock valued at $557,000 after buying an additional 1,200 shares during the last quarter. EFG Asset Management Americas Corp. raised its position in shares of Vanguard Long Term Corporate Bond ETF by 52.4% in the first quarter. EFG Asset Management Americas Corp. now owns 12,851 shares of the exchange traded fund’s stock valued at $1,174,000 after buying an additional 4,421 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Vanguard Long Term Corporate Bond ETF in the first quarter valued at approximately $1,316,000. Raymond James & Associates raised its position in shares of Vanguard Long Term Corporate Bond ETF by 118.3% in the fourth quarter. Raymond James & Associates now owns 14,006 shares of the exchange traded fund’s stock valued at $1,342,000 after buying an additional 7,590 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Vanguard Long Term Corporate Bond ETF by 115.5% in the fourth quarter. Guggenheim Capital LLC now owns 22,313 shares of the exchange traded fund’s stock valued at $2,136,000 after buying an additional 11,961 shares during the last quarter.

Shares of NASDAQ:VCLT traded up $0.18 during trading on Friday, reaching $89.22. The stock had a trading volume of 155,910 shares, compared to its average volume of 275,029. Vanguard Long Term Corporate Bond ETF has a fifty-two week low of $86.70 and a fifty-two week high of $96.52.

The business also recently announced a monthly dividend, which was paid on Monday, August 6th. Investors of record on Thursday, August 2nd were issued a $0.332 dividend. This represents a $3.98 dividend on an annualized basis and a yield of 4.47%. This is an increase from Vanguard Long Term Corporate Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, August 1st.

Vanguard Long Term Corporate Bond ETF Profile

Vanguard Long Term Corporate Bond ETF (the Fund) seeks to track the performance of a market-weighted corporate bond index with a long-term, dollar-weighted average maturity. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S.

Read More: How to Invest in Growth Stocks

Institutional Ownership by Quarter for Vanguard Long Term Corporate Bond ETF (NASDAQ:VCLT)

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Bank of The West Sells 4483 Shares of Textron Inc. (NYSE:TXT)

Finally, WINTON GROUP Ltd acquired a new position in Textron during the first quarter worth $287,000. Hedge funds and other institutional investors …

Textron logoBank of The West lessened its holdings in Textron Inc. (NYSE:TXT) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,962 shares of the aerospace company’s stock after selling 4,483 shares during the period. Bank of The West’s holdings in Textron were worth $1,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Legacy Financial Advisors Inc. acquired a new position in Textron in the second quarter valued at approximately $203,000. Founders Capital Management LLC acquired a new position in Textron during the second quarter worth $211,000. Vigilant Capital Management LLC lifted its stake in Textron by 430.8% during the second quarter. Vigilant Capital Management LLC now owns 3,450 shares of the aerospace company’s stock worth $227,000 after purchasing an additional 2,800 shares in the last quarter. Franklin Street Advisors Inc. NC acquired a new position in Textron during the second quarter worth $236,000. Finally, WINTON GROUP Ltd acquired a new position in Textron during the first quarter worth $287,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

In related news, VP Julie G. Duffy sold 6,562 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $68.13, for a total value of $447,069.06. Following the completion of the sale, the vice president now owns 22,535 shares in the company, valued at $1,535,309.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Scott C. Donnelly sold 82,647 shares of the firm’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $67.17, for a total transaction of $5,551,398.99. Following the completion of the sale, the chairman now owns 639,916 shares of the company’s stock, valued at approximately $42,983,157.72. The disclosure for this sale can be found here. Insiders have sold 134,209 shares of company stock valued at $9,035,968 in the last quarter. Insiders own 1.20% of the company’s stock.

Shares of TXT stock traded up $0.45 during mid-day trading on Friday, hitting $66.65. 1,545,500 shares of the stock were exchanged, compared to its average volume of 1,689,811. Textron Inc. has a 12-month low of $47.24 and a 12-month high of $69.36. The firm has a market cap of $16.33 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.74 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 2.27.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, July 18th. The aerospace company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. Textron had a net margin of 3.21% and a return on equity of 13.93%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. research analysts predict that Textron Inc. will post 3.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. Textron’s dividend payout ratio (DPR) is 3.27%.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Textron from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Monday. Bank of America set a $78.00 price objective on Textron and gave the stock a “buy” rating in a research report on Wednesday, July 25th. JPMorgan Chase & Co. upped their price objective on Textron from $74.00 to $77.00 and gave the stock a “$66.52” rating in a research report on Monday, July 23rd. Citigroup upped their price objective on Textron to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 19th. Finally, Cowen reissued a “$66.44” rating and issued a $73.00 target price on shares of Textron in a report on Wednesday, July 18th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $70.69.

Textron Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company’s Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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