International Assets Investment Management LLC Buys Shares of 60,064 Louisiana-Pacific Co. (NYSE:LPX)

International Assets Investment Management LLC purchased a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 60,064 shares of the building manufacturing company’s stock, valued at approximately $4,254,000.

Several other institutional investors have also modified their holdings of LPX. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Louisiana-Pacific by 18.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,918 shares of the building manufacturing company’s stock worth $714,000 after purchasing an additional 1,976 shares during the last quarter. Strs Ohio raised its stake in shares of Louisiana-Pacific by 38.0% during the 3rd quarter. Strs Ohio now owns 20,699 shares of the building manufacturing company’s stock worth $1,144,000 after buying an additional 5,698 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Louisiana-Pacific by 9.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 387,233 shares of the building manufacturing company’s stock worth $21,402,000 after buying an additional 32,957 shares in the last quarter. Inspire Investing LLC grew its stake in Louisiana-Pacific by 31.5% in the 3rd quarter. Inspire Investing LLC now owns 5,522 shares of the building manufacturing company’s stock valued at $305,000 after acquiring an additional 1,322 shares during the last quarter. Finally, Patten & Patten Inc. TN increased its holdings in Louisiana-Pacific by 1.0% during the 3rd quarter. Patten & Patten Inc. TN now owns 239,373 shares of the building manufacturing company’s stock valued at $13,230,000 after acquiring an additional 2,309 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 20.8 %

LPX opened at $88.12 on Thursday. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 35.97 and a beta of 1.87. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $88.16. 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 business has a 50-day moving average of $77.41 and a two-hundred day moving average of $69.26.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Louisiana-Pacific’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. On average, research analysts expect that Louisiana-Pacific Co. will post 4.89 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a $0.26 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s dividend payout ratio (DPR) is 42.45%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated 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 directly owns 25,995 shares in the company, valued at $2,016,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.53% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Cowen reiterated a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a research report on Thursday, January 11th. TheStreet cut Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. DA Davidson reissued a “buy” rating and issued a $76.00 price target on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Loop Capital initiated coverage on Louisiana-Pacific in a research note on Friday, May 3rd. They set a “hold” rating and a $82.00 price objective on the stock. Finally, TD Securities boosted their target price on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, February 15th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.75.

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.