Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Louisiana-Pacific Co. (NYSE:LPX)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Louisiana-Pacific Co. (NYSE:LPX) by 22.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,871 shares of the building manufacturing company’s stock after acquiring an additional 2,953 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Louisiana-Pacific were worth $1,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its position in Louisiana-Pacific by 57.8% in the third quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company’s stock worth $44,026,000 after acquiring an additional 291,833 shares in the last quarter. Ceredex Value Advisors LLC grew its position in Louisiana-Pacific by 2.9% in the fourth 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 in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Louisiana-Pacific by 21.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 503,348 shares of the building manufacturing company’s stock worth $27,820,000 after acquiring an additional 88,147 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Louisiana-Pacific by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 464,553 shares of the building manufacturing company’s stock worth $25,676,000 after purchasing an additional 6,774 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Louisiana-Pacific by 9.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 387,233 shares of the building manufacturing company’s stock worth $21,402,000 after purchasing an additional 32,957 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $77.58, for a total transaction of $193,950.00. Following the transaction, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.26% of the stock is owned by corporate insiders.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX opened at $74.57 on Friday. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 30.44 and a beta of 1.84. The company has a 50-day moving average price of $76.62 and a 200-day moving average price of $67.96. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $84.54.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, February 14th. The building manufacturing company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.54 by $0.17. The firm 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 quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. As a group, equities analysts anticipate that Louisiana-Pacific Co. will post 4.47 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.04 annualized dividend and a dividend yield of 1.39%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s payout ratio is currently 42.45%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LPX. TD Securities boosted their price target on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, February 15th. TheStreet downgraded shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. Truist Financial boosted their price target on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. DA Davidson reissued a “buy” rating and issued a $76.00 price target on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. Finally, Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $73.71.

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.