Louisiana-Pacific Co. (NYSE:LPX) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC grew its position in Louisiana-Pacific Co. (NYSE:LPX) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 11,715 shares of the building manufacturing company’s stock after acquiring an additional 872 shares during the period. Private Advisor Group LLC’s holdings in Louisiana-Pacific were worth $1,213,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its holdings in Louisiana-Pacific by 10,646.0% in the third quarter. International Assets Investment Management LLC now owns 69,634 shares of the building manufacturing company’s stock valued at $7,483,000 after purchasing an additional 68,986 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Louisiana-Pacific by 68.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,456 shares of the building manufacturing company’s stock valued at $694,000 after buying an additional 2,615 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Louisiana-Pacific by 73.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,254 shares of the building manufacturing company’s stock worth $561,000 after buying an additional 2,229 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Louisiana-Pacific by 4.8% during the third quarter. State of Alaska Department of Revenue now owns 7,265 shares of the building manufacturing company’s stock worth $780,000 after acquiring an additional 335 shares during the period. Finally, New York State Teachers Retirement System raised its position in Louisiana-Pacific by 5.4% during the third quarter. New York State Teachers Retirement System now owns 77,326 shares of the building manufacturing company’s stock valued at $8,309,000 after acquiring an additional 3,994 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $99.58 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The business has a 50 day simple moving average of $109.65 and a two-hundred day simple moving average of $106.67. The stock has a market capitalization of $6.94 billion, a P/E ratio of 16.94, a PEG ratio of 1.24 and a beta of 1.95. Louisiana-Pacific Co. has a 12 month low of $71.39 and a 12 month high of $122.87.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. As a group, analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.28 dividend. The ex-dividend date is Thursday, February 27th. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.12%. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.05%.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the transaction, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Truist Financial upped their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Loop Capital cut their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a report on Monday. Royal Bank of Canada reissued an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, TD Securities cut their price target on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Louisiana-Pacific presently has an average rating of “Hold” and a consensus target price of $111.50.

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.