Investment House LLC Buys Shares of 24,765 Louisiana-Pacific Co. (NYSE:LPX)

Investment House LLC purchased a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,765 shares of the building manufacturing company’s stock, valued at approximately $1,754,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capula Management Ltd bought a new stake in shares of Louisiana-Pacific in the third quarter valued at about $485,000. Arlington Trust Co LLC bought a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $1,062,000. First Eagle Investment Management LLC raised its holdings in shares of Louisiana-Pacific by 35.7% in the third quarter. First Eagle Investment Management LLC now owns 195,718 shares of the building manufacturing company’s stock valued at $10,817,000 after purchasing an additional 51,461 shares during the last quarter. Caxton Associates LP boosted its holdings in Louisiana-Pacific by 222.1% during the third quarter. Caxton Associates LP now owns 14,656 shares of the building manufacturing company’s stock worth $810,000 after purchasing an additional 10,106 shares during the last quarter. Finally, Teza Capital Management LLC bought a new position in Louisiana-Pacific in the third quarter valued at $288,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Securities boosted their price target on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, February 15th. Royal Bank of Canada upped their price objective on Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Truist Financial upped their price target on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. DA Davidson restated a “buy” rating and set a $76.00 price objective on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. Finally, TheStreet downgraded shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $73.71.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $74.16 on Tuesday. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 30.27 and a beta of 1.84. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $84.54. The stock’s 50 day moving average is $76.73 and its 200-day moving average is $68.32.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, February 14th. The building manufacturing company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $618.60 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. Equities research analysts expect that Louisiana-Pacific Co. will post 4.89 EPS for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, February 22nd. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.40%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 42.45%.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the sale, the director now owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.53% of the stock is owned by company insiders.

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.