Jackson Creek Investment Advisors LLC Invests $237,000 in Louisiana-Pacific Co. (NYSE:LPX)

Jackson Creek Investment Advisors LLC bought a new stake in Louisiana-Pacific Co. (NYSE:LPX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,875 shares of the building manufacturing company’s stock, valued at approximately $237,000.

Several other hedge funds have also bought and sold shares of LPX. Allspring Global Investments Holdings LLC raised its stake in Louisiana-Pacific by 48,193.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock valued at $13,616,000 after buying an additional 161,931 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Louisiana-Pacific by 3.5% during the 1st quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock worth $18,045,000 after acquiring an additional 7,367 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Louisiana-Pacific by 83.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock valued at $110,717,000 after acquiring an additional 712,671 shares during the period. Diversified Trust Co acquired a new stake in Louisiana-Pacific during the 2nd quarter valued at $590,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Louisiana-Pacific by 16.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company’s stock valued at $3,914,000 after purchasing an additional 6,533 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LPX. TD Securities increased their price objective on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, May 9th. DA Davidson increased their price target on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 14th. Seaport Res Ptn cut Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus target price of $94.88.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $94.16 on Thursday. The stock has a market capitalization of $6.75 billion, a PE ratio of 25.87, a P/E/G ratio of 0.62 and a beta of 1.89. Louisiana-Pacific Co. has a fifty-two week low of $49.47 and a fifty-two week high of $101.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The business has a fifty day moving average price of $91.40 and a two-hundred day moving average price of $84.90.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The business had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. Louisiana-Pacific’s revenue was up 33.2% compared to the same quarter last year. As a group, equities analysts predict that Louisiana-Pacific Co. will post 5.05 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. Louisiana-Pacific’s dividend payout ratio is 28.57%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the sale, the chief executive officer now directly owns 596,886 shares in the company, valued at $55,773,027.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the transaction, the director now owns 29,008 shares in the company, valued at $2,787,668.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the transaction, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The disclosure for this sale can be found here. Insiders have sold 36,991 shares of company stock valued at $3,443,269 over the last three months. 1.26% of the stock is owned by insiders.

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.