Russell Investments Group Ltd. Has $14.71 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Russell Investments Group Ltd. boosted its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 21.8% during the fourth quarter, Holdings Channel reports. The fund owned 207,684 shares of the building manufacturing company’s stock after acquiring an additional 37,193 shares during the period. Russell Investments Group Ltd.’s holdings in Louisiana-Pacific were worth $14,710,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. South Dakota Investment Council grew its position in shares of Louisiana-Pacific by 58.9% during the 4th quarter. South Dakota Investment Council now owns 49,128 shares of the building manufacturing company’s stock worth $3,480,000 after buying an additional 18,203 shares during the period. Larson Financial Group LLC grew its holdings in shares of Louisiana-Pacific by 101.2% during the fourth quarter. Larson Financial Group LLC now owns 1,354 shares of the building manufacturing company’s stock worth $96,000 after buying an additional 681 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Louisiana-Pacific by 356.1% during the 4th quarter. New York State Common Retirement Fund now owns 311,758 shares of the building manufacturing company’s stock worth $22,082,000 after acquiring an additional 243,409 shares in the last quarter. RWA Wealth Partners LLC bought a new position in Louisiana-Pacific in the fourth quarter valued at $255,000. Finally, Duality Advisers LP increased its position in shares of Louisiana-Pacific by 84.5% in the fourth quarter. Duality Advisers LP now owns 25,638 shares of the building manufacturing company’s stock valued at $1,816,000 after acquiring an additional 11,740 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LPX has been the topic of a number of recent analyst reports. DA Davidson restated a “buy” rating and set a $76.00 target price on shares of Louisiana-Pacific in a report on Tuesday, February 13th. TD Cowen reiterated a “hold” rating and set a $75.00 target price on shares of Louisiana-Pacific in a research note on Thursday, January 11th. TheStreet cut shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. TD Securities lifted their price objective on Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $74.75.

Louisiana-Pacific Trading Up 0.6 %

LPX opened at $74.31 on Friday. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 30.33 and a beta of 1.87. Louisiana-Pacific Co. has a fifty-two week low of $49.47 and a fifty-two week high of $84.54. The company’s 50 day moving average price is $77.05 and its two-hundred day moving average price is $68.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.17. The firm had revenue of $658.00 million during the quarter, compared to analyst estimates 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 was down 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. As a group, research analysts predict that Louisiana-Pacific Co. will post 4.89 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.40%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s dividend payout ratio is presently 42.45%.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of the business’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 completion of the sale, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.26% of the company’s stock.

About Louisiana-Pacific

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.