Hantz Financial Services Inc. Buys 7,164 Shares of Louisiana-Pacific Corporation $LPX

Hantz Financial Services Inc. grew its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 120.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,114 shares of the building manufacturing company’s stock after buying an additional 7,164 shares during the quarter. Hantz Financial Services Inc.’s holdings in Louisiana-Pacific were worth $1,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its position in Louisiana-Pacific by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 555,489 shares of the building manufacturing company’s stock valued at $47,766,000 after acquiring an additional 29,803 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Louisiana-Pacific by 27.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 57,876 shares of the building manufacturing company’s stock valued at $5,142,000 after purchasing an additional 12,490 shares during the period. Ceredex Value Advisors LLC lifted its holdings in shares of Louisiana-Pacific by 57.2% in the second quarter. Ceredex Value Advisors LLC now owns 124,100 shares of the building manufacturing company’s stock valued at $10,671,000 after purchasing an additional 45,175 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in shares of Louisiana-Pacific by 31.3% during the third quarter. UniSuper Management Pty Ltd now owns 49,785 shares of the building manufacturing company’s stock worth $4,423,000 after buying an additional 11,873 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Louisiana-Pacific during the second quarter worth about $424,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $97.26 on Friday. The stock has a market capitalization of $6.77 billion, a PE ratio of 31.48 and a beta of 1.81. Louisiana-Pacific Corporation has a 1-year low of $73.42 and a 1-year high of $117.75. The firm has a fifty day simple moving average of $86.55 and a 200 day simple moving average of $88.33. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The firm had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. During the same quarter in the prior year, the business earned $1.22 EPS. The business’s revenue was down 8.2% compared to the same quarter last year. On average, research analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Analyst Ratings Changes

LPX has been the topic of a number of recent research reports. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. TD Securities lowered their price objective on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. Vertical Research assumed coverage on shares of Louisiana-Pacific in a research report on Monday, October 20th. They issued a “buy” rating on the stock. Royal Bank Of Canada decreased their target price on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Louisiana-Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $106.57.

Insider Activity

In related news, CEO William Bradley Southern sold 21,252 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $88.19, for a total value of $1,874,213.88. Following the completion of the sale, the chief executive officer directly owned 460,883 shares in the company, valued at approximately $40,645,271.77. This trade represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 141,676 shares of company stock valued at $12,648,096. 1.42% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.