KLCM Advisors Inc. Raises Holdings in Louisiana-Pacific Corporation $LPX

KLCM Advisors Inc. increased its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 9.8% in the 4th quarter, HoldingsChannel reports. The fund owned 83,869 shares of the building manufacturing company’s stock after purchasing an additional 7,511 shares during the quarter. KLCM Advisors Inc.’s holdings in Louisiana-Pacific were worth $6,773,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. North Ridge Wealth Advisors Inc. purchased a new position in Louisiana-Pacific in the second quarter worth approximately $26,000. Versant Capital Management Inc grew its position in Louisiana-Pacific by 34.3% in the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock worth $44,000 after acquiring an additional 127 shares during the period. Larson Financial Group LLC grew its position in Louisiana-Pacific by 291.2% in the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock worth $48,000 after acquiring an additional 399 shares during the period. International Assets Investment Management LLC purchased a new position in Louisiana-Pacific in the fourth quarter worth approximately $52,000. Finally, Danske Bank A S purchased a new position in Louisiana-Pacific in the third quarter worth approximately $80,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LPX. Truist Financial reiterated a “buy” rating and issued a $93.00 price objective (down from $95.00) on shares of Louisiana-Pacific in a research report on Friday. TD Securities upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. BMO Capital Markets upgraded Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a research report on Thursday, May 7th. Finally, DA Davidson restated a “buy” rating and set a $114.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, May 5th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $97.25.

Insider Activity at Louisiana-Pacific

In related news, Director F Nicholas Grasberger III bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $85.49 per share, for a total transaction of $1,709,800.00. Following the completion of the acquisition, the director owned 38,954 shares in the company, valued at approximately $3,330,177.46. This trade represents a 105.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lizanne M. Bruce sold 1,300 shares of Louisiana-Pacific stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total value of $102,167.00. Following the completion of the transaction, the director owned 17,160 shares of the company’s stock, valued at approximately $1,348,604.40. This trade represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.65% of the stock is currently owned by company insiders.

Louisiana-Pacific Trading Down 2.8%

LPX opened at $73.02 on Tuesday. Louisiana-Pacific Corporation has a 52 week low of $66.68 and a 52 week high of $102.86. The business has a fifty day simple moving average of $74.80 and a 200-day simple moving average of $81.75. The firm has a market cap of $5.10 billion, a P/E ratio of 61.88, a P/E/G ratio of 1.54 and a beta of 1.60. The company has a quick ratio of 1.48, a current ratio of 3.26 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.14 by $0.24. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The business had revenue of $574.00 million during the quarter, compared to analyst estimates of $569.99 million. During the same period last year, the business posted $1.27 earnings per share. The company’s quarterly revenue was down 20.7% on a year-over-year basis. On average, equities analysts expect that Louisiana-Pacific Corporation will post 2.45 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Louisiana-Pacific’s dividend payout ratio (DPR) is 94.92%.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.