First Eagle Investment Management LLC Acquires 21,783 Shares of Louisiana-Pacific Corporation $LPX

First Eagle Investment Management LLC increased its position in Louisiana-Pacific Corporation (NYSE:LPX) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,699 shares of the building manufacturing company’s stock after purchasing an additional 21,783 shares during the quarter. First Eagle Investment Management LLC’s holdings in Louisiana-Pacific were worth $15,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in Louisiana-Pacific by 34.3% in the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock worth $44,000 after purchasing an additional 127 shares during the period. Wilmington Savings Fund Society FSB increased its position in Louisiana-Pacific by 4.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 3,139 shares of the building manufacturing company’s stock worth $279,000 after purchasing an additional 136 shares during the period. Elo Mutual Pension Insurance Co increased its position in Louisiana-Pacific by 1.5% in the third quarter. Elo Mutual Pension Insurance Co now owns 11,524 shares of the building manufacturing company’s stock worth $1,024,000 after purchasing an additional 166 shares during the period. WINTON GROUP Ltd increased its position in Louisiana-Pacific by 2.7% in the third quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company’s stock worth $611,000 after purchasing an additional 183 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Louisiana-Pacific by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the building manufacturing company’s stock worth $1,564,000 after purchasing an additional 200 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $73.02 on Tuesday. The firm has a market capitalization of $5.10 billion, a P/E ratio of 61.88, a PEG ratio of 1.54 and a beta of 1.60. Louisiana-Pacific Corporation has a 1 year low of $66.68 and a 1 year high of $102.86. The business has a 50-day moving average of $74.80 and a 200-day moving average of $81.75. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.24. The company had revenue of $574.00 million during the quarter, compared to analyst estimates of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 EPS. On average, equities analysts anticipate that Louisiana-Pacific Corporation will post 2.45 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, May 14th. Louisiana-Pacific’s payout ratio is presently 94.92%.

Insider Transactions at Louisiana-Pacific

In related news, Director F Nicholas Grasberger III bought 20,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $85.49 per share, for a total transaction of $1,709,800.00. Following the transaction, the director owned 38,954 shares of the company’s stock, valued at $3,330,177.46. This represents a 105.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lizanne M. Bruce sold 1,300 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total value of $102,167.00. Following the transaction, the director owned 17,160 shares of the company’s stock, valued at $1,348,604.40. The trade was a 7.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on LPX. Oppenheimer lowered their price objective on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. BMO Capital Markets upgraded Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a research report on Thursday, May 7th. TD upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, May 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $114.00 price objective on shares of Louisiana-Pacific in a research report on Tuesday, May 5th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.25.

About Louisiana-Pacific

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.