Paradigm Financial Partners LLC bought a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,887 shares of the building manufacturing company’s stock, valued at approximately $438,000.
Several other hedge funds have also added to or reduced their stakes in LPX. Morgan Stanley grew its holdings in shares of Louisiana-Pacific by 95.4% during the 2nd quarter. Morgan Stanley now owns 1,448,960 shares of the building manufacturing company’s stock valued at $87,358,000 after purchasing an additional 707,350 shares during the last quarter. Assetmark Inc. boosted its position in Louisiana-Pacific by 183.0% during the 3rd quarter. Assetmark Inc. now owns 991,029 shares of the building manufacturing company’s stock valued at $60,819,000 after buying an additional 640,874 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Louisiana-Pacific by 46.8% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,820,817 shares of the building manufacturing company’s stock valued at $111,744,000 after buying an additional 580,203 shares during the period. Royce & Associates LP purchased a new stake in Louisiana-Pacific during the 4th quarter valued at $28,099,000. Finally, FMR LLC boosted its position in Louisiana-Pacific by 256.3% during the 1st quarter. FMR LLC now owns 459,499 shares of the building manufacturing company’s stock valued at $11,203,000 after buying an additional 330,547 shares during the period. 94.99% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Friday, April 29th. The Goldman Sachs Group raised shares of Louisiana-Pacific from a “sell” rating to a “neutral” rating and increased their price target for the company from $59.00 to $84.00 in a research report on Friday, January 21st. StockNews.com assumed coverage on shares of Louisiana-Pacific in a research report on Thursday, March 31st. They issued a “hold” rating for the company. DA Davidson reaffirmed a “buy” rating on shares of Louisiana-Pacific in a research report on Wednesday, February 23rd. Finally, TD Securities raised their target price on shares of Louisiana-Pacific from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, May 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $80.25.
Louisiana-Pacific (NYSE:LPX – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The building manufacturing company reported $5.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.45. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.26 billion. Louisiana-Pacific had a net margin of 31.62% and a return on equity of 105.01%. Louisiana-Pacific’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period last year, the business earned $3.01 EPS. On average, equities analysts anticipate that Louisiana-Pacific Co. will post 14.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $0.88 dividend on an annualized basis and a yield of 1.28%. Louisiana-Pacific’s dividend payout ratio is currently 5.31%.
In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 7,635 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $75.02, for a total transaction of $572,777.70. Following the completion of the sale, the director now directly owns 31,522 shares in the company, valued at approximately $2,364,780.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.26% of the stock is currently owned by company insiders.
Louisiana-Pacific Company Profile (Get Rating)
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.
- Get a free copy of the StockNews.com research report on Louisiana-Pacific (LPX)
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