Alberta Investment Management Corp Acquires 4,772 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Alberta Investment Management Corp grew its stake in Louisiana-Pacific Co. (NYSE:LPXFree Report) by 101.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,475 shares of the building manufacturing company’s stock after purchasing an additional 4,772 shares during the quarter. Alberta Investment Management Corp’s holdings in Louisiana-Pacific were worth $671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Arlington Trust Co LLC acquired a new stake in Louisiana-Pacific during the fourth quarter worth approximately $1,062,000. First Eagle Investment Management LLC boosted its stake in Louisiana-Pacific by 35.7% in the 3rd 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 period. Caxton Associates LP grew its holdings in Louisiana-Pacific by 222.1% in the 3rd quarter. Caxton Associates LP now owns 14,656 shares of the building manufacturing company’s stock valued at $810,000 after buying an additional 10,106 shares in the last quarter. Teza Capital Management LLC bought a new position in Louisiana-Pacific during the 3rd quarter worth $288,000. Finally, Quadrature Capital Ltd lifted its holdings in shares of Louisiana-Pacific by 500.9% during the third quarter. Quadrature Capital Ltd now owns 26,794 shares of the building manufacturing company’s stock worth $1,481,000 after buying an additional 22,335 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LPX. BMO Capital Markets boosted their price objective on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. TD Securities upped their target price on Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, May 9th. TheStreet cut Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada upped their price objective on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.89.

Get Our Latest Analysis on Louisiana-Pacific

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the sale, the director now directly owns 25,995 shares in the company, valued at $2,016,692.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.53% of the company’s stock.

Louisiana-Pacific Stock Up 0.1 %

Shares of NYSE LPX opened at $91.75 on Tuesday. Louisiana-Pacific Co. has a 1 year low of $49.47 and a 1 year high of $92.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 1.75. The firm has a market cap of $6.58 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 11.91 and a beta of 1.92. The company has a 50 day simple moving average of $81.64 and a 200 day simple moving average of $73.44.

Louisiana-Pacific (NYSE:LPXGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.40. The company had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $686.84 million. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. Louisiana-Pacific’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, research analysts forecast that Louisiana-Pacific Co. will post 5.79 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, May 21st. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Louisiana-Pacific Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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