South Dakota Investment Council Grows Holdings in Louisiana-Pacific Co. (NYSE:LPX)

South Dakota Investment Council increased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 58.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,128 shares of the building manufacturing company’s stock after purchasing an additional 18,203 shares during the period. South Dakota Investment Council’s holdings in Louisiana-Pacific were worth $3,480,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LPX. Ceredex Value Advisors LLC increased its stake in Louisiana-Pacific by 434.3% during the 3rd quarter. Ceredex Value Advisors LLC now owns 695,900 shares of the building manufacturing company’s stock worth $38,462,000 after buying an additional 565,650 shares during the period. Invesco Ltd. increased its stake in Louisiana-Pacific by 57.8% during the 3rd quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company’s stock worth $44,026,000 after buying an additional 291,833 shares during the period. New York State Common Retirement Fund increased its stake in Louisiana-Pacific by 356.1% during the 4th quarter. New York State Common Retirement Fund now owns 311,758 shares of the building manufacturing company’s stock worth $22,082,000 after buying an additional 243,409 shares during the period. Tudor Investment Corp Et Al purchased a new stake in Louisiana-Pacific during the 3rd quarter worth approximately $10,148,000. Finally, Assenagon Asset Management S.A. increased its stake in Louisiana-Pacific by 493.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 171,838 shares of the building manufacturing company’s stock worth $9,497,000 after buying an additional 142,868 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. TD Securities upped their target price on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, February 15th. TheStreet cut shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. TD Cowen reiterated a “hold” rating and set a $75.00 price target on shares of Louisiana-Pacific in a report on Thursday, January 11th. Truist Financial boosted their price target on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Finally, DA Davidson reiterated a “buy” rating and set a $76.00 price target on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Hold” and a consensus target price of $73.71.

Louisiana-Pacific Trading Up 1.8 %

Shares of Louisiana-Pacific stock opened at $75.20 on Thursday. The company has a fifty day simple moving average of $76.40 and a 200-day simple moving average of $67.76. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $84.54. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 30.69 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $618.60 million. During the same quarter in the prior year, the business posted $0.61 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, equities analysts forecast that Louisiana-Pacific Co. will post 4.47 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $0.26 dividend. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 22nd. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. Louisiana-Pacific’s dividend payout ratio is presently 42.45%.

Insider Buying and Selling

In related 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 owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.26% of the stock is owned by company insiders.

Louisiana-Pacific Company 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.