Public Employees Retirement System of Ohio increased its stake in Louisiana-Pacific Co. (NYSE:LPX) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,909 shares of the building manufacturing company’s stock after purchasing an additional 574 shares during the period. Public Employees Retirement System of Ohio’s holdings in Louisiana-Pacific were worth $170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LPX. Bourgeon Capital Management LLC bought a new stake in shares of Louisiana-Pacific in the 3rd quarter worth approximately $25,000. Penserra Capital Management LLC lifted its holdings in shares of Louisiana-Pacific by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 2,120 shares of the building manufacturing company’s stock worth $52,000 after purchasing an additional 424 shares during the last quarter. KCS Wealth Advisory bought a new stake in shares of Louisiana-Pacific in the 3rd quarter worth approximately $57,000. Price Wealth Management Inc. bought a new stake in shares of Louisiana-Pacific in the 2nd quarter worth approximately $84,000. Finally, Prestige Wealth Management Group LLC bought a new stake in shares of Louisiana-Pacific in the 2nd quarter worth approximately $113,000. 96.66% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Gary Cook sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $29.95, for a total value of $299,500.00. Following the sale, the director now directly owns 44,462 shares in the company, valued at approximately $1,331,636.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William Bradley Southern bought 3,745 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average price of $29.36 per share, for a total transaction of $109,953.20. Following the completion of the transaction, the chief executive officer now owns 252,431 shares in the company, valued at $7,411,374.16. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.

Several analysts recently issued reports on LPX shares. ValuEngine downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Royal Bank of Canada raised their price target on Louisiana-Pacific to $35.00 and gave the stock a “top pick” rating in a report on Wednesday, November 6th. TheStreet downgraded Louisiana-Pacific from a “b” rating to a “c+” rating in a report on Wednesday, November 6th. TD Securities raised their price target on Louisiana-Pacific from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Longbow Research downgraded Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.82.

LPX opened at $28.50 on Friday. Louisiana-Pacific Co. has a 12 month low of $20.39 and a 12 month high of $30.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.52 and a quick ratio of 2.32. The stock has a market cap of $3.35 billion, a P/E ratio of 10.40 and a beta of 1.42. The stock’s 50 day moving average price is $29.22 and its 200 day moving average price is $25.86.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Tuesday, November 5th. The building manufacturing company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). Louisiana-Pacific had a net margin of 2.67% and a return on equity of 4.93%. The business had revenue of $603.00 million during the quarter, compared to analyst estimates of $606.71 million. During the same quarter in the prior year, the business earned $0.83 earnings per share. The firm’s revenue was down 18.2% compared to the same quarter last year. Equities analysts anticipate that Louisiana-Pacific Co. will post 0.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 14th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, November 13th. Louisiana-Pacific’s dividend payout ratio is currently 19.71%.

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 structure markets. It also markets and sells products for use in 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: Margin

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

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