2,880 Shares in Louisiana-Pacific Co. (NYSE:LPX) Bought by Simplicity Solutions LLC

Simplicity Solutions LLC acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,880 shares of the building manufacturing company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC bought a new stake in Louisiana-Pacific during the 4th quarter worth $2,559,000. International Assets Investment Management LLC bought a new stake in Louisiana-Pacific during the 4th quarter worth $4,254,000. Ceredex Value Advisors LLC grew its position in Louisiana-Pacific by 2.9% during the 4th quarter. Ceredex Value Advisors LLC now owns 716,251 shares of the building manufacturing company’s stock worth $50,732,000 after acquiring an additional 20,351 shares during the last quarter. Arlington Trust Co LLC acquired a new position in Louisiana-Pacific during the 4th quarter worth about $1,062,000. Finally, Stratos Wealth Advisors LLC lifted its holdings in Louisiana-Pacific by 8.9% during the 4th quarter. Stratos Wealth Advisors LLC now owns 17,283 shares of the building manufacturing company’s stock worth $1,224,000 after buying an additional 1,413 shares during the period. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 0.1 %

Shares of NYSE:LPX opened at $72.11 on Monday. The business’s 50-day moving average is $76.15 and its 200-day moving average is $67.41. Louisiana-Pacific Co. has a 1 year low of $49.47 and a 1 year high of $84.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 29.43 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business had revenue of $658.00 million for the quarter, compared to the consensus estimate of $618.60 million. During the same period in the prior year, the business earned $0.61 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. Equities research analysts predict that Louisiana-Pacific Co. will post 4.12 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid 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 yield of 1.44%. The ex-dividend date was Thursday, February 22nd. Louisiana-Pacific’s dividend payout ratio is 42.45%.

Analyst Ratings Changes

LPX has been the topic of several recent research reports. Truist Financial lifted their target price on Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. TD Cowen reaffirmed a “hold” rating and set a $75.00 target price on shares of Louisiana-Pacific in a report on Thursday, January 11th. DA Davidson reaffirmed a “buy” rating and set a $76.00 target price on shares of Louisiana-Pacific in a report on Tuesday, February 13th. TD Securities lifted their target price on Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada lifted their target price on Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.71.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,016,692.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.26% of the stock is owned by company insiders.

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.