Investment House LLC Acquires Shares of 24,765 Louisiana-Pacific Co. (NYSE:LPX)

Investment House LLC bought a new position in Louisiana-Pacific Co. (NYSE:LPX) during the fourth quarter, Holdings Channel.com reports. The firm bought 24,765 shares of the building manufacturing company’s stock, valued at approximately $1,754,000.

Several other institutional investors also recently modified their holdings of the business. Choreo LLC bought a new position in Louisiana-Pacific during the fourth quarter valued at about $248,000. Retirement Systems of Alabama increased its stake in shares of Louisiana-Pacific by 0.3% during the 4th 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 last quarter. Russell Investments Group Ltd. raised its holdings in shares of Louisiana-Pacific by 21.8% in the 4th quarter. Russell Investments Group Ltd. now owns 207,684 shares of the building manufacturing company’s stock worth $14,710,000 after purchasing an additional 37,193 shares during the period. South Dakota Investment Council lifted its stake in Louisiana-Pacific by 58.9% in the fourth quarter. South Dakota Investment Council now owns 49,128 shares of the building manufacturing company’s stock valued at $3,480,000 after purchasing an additional 18,203 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Louisiana-Pacific by 101.2% during the fourth quarter. Larson Financial Group LLC now owns 1,354 shares of the building manufacturing company’s stock valued at $96,000 after purchasing an additional 681 shares during the period. 94.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the transaction, the director now directly owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LPX has been the topic of a number of recent research reports. DA Davidson reiterated a “buy” rating and set a $76.00 price target on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. TheStreet downgraded shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. Truist Financial boosted their target price on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.71.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $74.16 on Tuesday. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $84.54. The stock has a fifty day moving average of $76.73 and a 200 day moving average of $68.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 30.27 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. The firm had revenue of $658.00 million during the quarter, compared to the consensus estimate of $618.60 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. On average, research analysts expect that Louisiana-Pacific Co. will post 4.89 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.26 per share. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Thursday, February 22nd. Louisiana-Pacific’s payout ratio is currently 42.45%.

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.