International Assets Investment Management LLC Makes New $4.25 Million Investment in Louisiana-Pacific Co. (NYSE:LPX)

International Assets Investment Management LLC bought a new position in Louisiana-Pacific Co. (NYSE:LPX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 60,064 shares of the building manufacturing company’s stock, valued at approximately $4,254,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in shares of Louisiana-Pacific by 6.3% in the first quarter. First Trust Advisors LP now owns 3,323,863 shares of the building manufacturing company’s stock worth $180,187,000 after buying an additional 196,459 shares during the period. State Street Corp boosted its holdings in shares of Louisiana-Pacific by 2.1% in the first quarter. State Street Corp now owns 2,441,912 shares of the building manufacturing company’s stock worth $151,692,000 after buying an additional 50,575 shares during the period. Invesco Ltd. boosted its holdings in shares of Louisiana-Pacific by 1.9% in the first quarter. Invesco Ltd. now owns 1,016,035 shares of the building manufacturing company’s stock worth $63,115,000 after buying an additional 18,612 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Louisiana-Pacific by 2.2% in the first quarter. Geode Capital Management LLC now owns 1,014,077 shares of the building manufacturing company’s stock worth $54,973,000 after buying an additional 21,996 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Louisiana-Pacific by 0.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 798,267 shares of the building manufacturing company’s stock worth $41,837,000 after buying an additional 7,301 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Performance

LPX stock opened at $72.97 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 29.78 and a beta of 1.84. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $84.54. The firm has a 50 day moving average of $75.92 and a two-hundred day moving average of $67.04.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.54 by $0.17. The company had revenue of $658.00 million during the quarter, compared to the consensus estimate of $618.60 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. As a group, equities analysts anticipate that Louisiana-Pacific Co. will post 3.85 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.43%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s payout ratio is currently 42.45%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the sale, the director now directly owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on LPX shares. TD Cowen restated a “hold” rating and set a $75.00 price target on shares of Louisiana-Pacific in a report on Thursday, January 11th. TheStreet cut shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. DA Davidson restated a “buy” rating and set a $76.00 price target on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Truist Financial raised 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, TD Securities raised their price target on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Hold” and an average target price of $73.71.

Louisiana-Pacific 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.