7,385 Shares in Louisiana-Pacific Co. (NYSE:LPX) Acquired by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. bought a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,385 shares of the building manufacturing company’s stock, valued at approximately $608,000.

A number of other hedge funds also recently modified their holdings of the business. LifeSteps Financial Inc. acquired a new position in Louisiana-Pacific during the first quarter valued at $25,000. Fidelis Capital Partners LLC acquired a new position in shares of Louisiana-Pacific in the 1st quarter valued at about $25,000. Whittier Trust Co. purchased a new stake in shares of Louisiana-Pacific in the first quarter worth approximately $31,000. Bessemer Group Inc. lifted its position in shares of Louisiana-Pacific by 258.5% in the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after purchasing an additional 318 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the sale, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the sale, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the transaction, the director now directly owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. The disclosure for this sale can be found here. Insiders have sold a total of 35,900 shares of company stock valued at $3,368,774 in the last three months. Company insiders own 1.26% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $106.48 on Tuesday. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $106.81. The firm has a fifty day simple moving average of $95.48 and a 200-day simple moving average of $87.35. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 0.60 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. On average, sell-side analysts expect that Louisiana-Pacific Co. will post 5.05 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 28.57%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LPX shares. Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. The Goldman Sachs Group lifted their price objective on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research report on Thursday, August 8th. DA Davidson upped their target price on Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Bank of America lifted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. Finally, BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective on the stock. in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $92.67.

Louisiana-Pacific 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.