Louisiana-Pacific Co. (NYSE:LPX) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina boosted its position in shares of Louisiana-Pacific Co. (NYSE:LPXFree Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 28,499 shares of the building manufacturing company’s stock after acquiring an additional 280 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Louisiana-Pacific were worth $2,019,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LPX. Retirement Systems of Alabama lifted its holdings in shares of Louisiana-Pacific by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 80,376 shares of the building manufacturing company’s stock worth $5,693,000 after purchasing an additional 245 shares during the period. Invst LLC lifted its stake in Louisiana-Pacific by 3.2% during the 3rd quarter. Invst LLC now owns 13,160 shares of the building manufacturing company’s stock valued at $727,000 after acquiring an additional 407 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Louisiana-Pacific by 9.2% in the 4th quarter. Intech Investment Management LLC now owns 5,293 shares of the building manufacturing company’s stock valued at $375,000 after acquiring an additional 444 shares during the last quarter. Prospector Partners LLC increased its stake in shares of Louisiana-Pacific by 10.5% in the fourth quarter. Prospector Partners LLC now owns 4,940 shares of the building manufacturing company’s stock worth $350,000 after acquiring an additional 470 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Louisiana-Pacific by 232.9% in the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock worth $56,000 after acquiring an additional 552 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated 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 owns 25,995 shares of the company’s stock, valued at approximately $2,016,692.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Up 1.5 %

LPX opened at $93.01 on Friday. The company has a quick ratio of 1.75, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a twelve month low of $49.47 and a twelve month high of $93.83. The company has a market cap of $6.67 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 11.79 and a beta of 1.92. The company has a 50-day moving average price of $82.34 and a 200 day moving average price of $74.12.

Louisiana-Pacific (NYSE:LPXGet Free Report) last released its earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The business had revenue of $724.00 million for the quarter, compared to the consensus estimate of $686.84 million. During the same quarter last year, the business posted $0.34 earnings per share. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. Sell-side analysts expect that Louisiana-Pacific Co. will post 5.79 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Tuesday, May 21st. Louisiana-Pacific’s dividend payout ratio (DPR) is 28.57%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on Louisiana-Pacific from $83.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. TD Securities upped their price objective on Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, May 9th. StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Seaport Res Ptn cut shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. Finally, TheStreet lowered shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.89.

Get Our Latest Stock Analysis on LPX

Louisiana-Pacific Company 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.

See Also

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

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