Hsbc Holdings PLC Increases Stake in Louisiana-Pacific Co. (NYSE:LPX)

Hsbc Holdings PLC increased its holdings in Louisiana-Pacific Co. (NYSE:LPXFree Report) by 74.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,947 shares of the building manufacturing company’s stock after purchasing an additional 16,573 shares during the period. Hsbc Holdings PLC owned approximately 0.05% of Louisiana-Pacific worth $2,780,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Franklin Resources Inc. raised its holdings in Louisiana-Pacific by 10.0% during the 4th quarter. Franklin Resources Inc. now owns 1,136,025 shares of the building manufacturing company’s stock valued at $80,465,000 after buying an additional 103,249 shares during the last quarter. Channing Capital Management LLC bought a new stake in Louisiana-Pacific during the 4th quarter valued at $73,662,000. Invesco Ltd. raised its holdings in Louisiana-Pacific by 57.8% during the 3rd quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company’s stock valued at $44,026,000 after buying an additional 291,833 shares during the last quarter. Norges Bank bought a new stake in Louisiana-Pacific during the 4th quarter valued at $53,186,000. Finally, Ceredex Value Advisors LLC raised its holdings 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 valued at $50,732,000 after buying an additional 20,351 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the 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 sale, the director now directly owns 25,995 shares of the company’s stock, valued at approximately $2,016,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on LPX. Seaport Res Ptn lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. StockNews.com upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Royal Bank of Canada upped their price objective on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. BMO Capital Markets upped their price objective on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Finally, Loop Capital assumed coverage on shares of Louisiana-Pacific in a report on Friday, May 3rd. They issued a “hold” rating and a $82.00 price objective for the company. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.89.

Get Our Latest Stock Report on LPX

Louisiana-Pacific Stock Up 1.5 %

Shares of Louisiana-Pacific stock opened at $93.01 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 1.75. The company has a 50-day moving average of $82.34 and a 200 day moving average of $74.12. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 11.79 and a beta of 1.92. Louisiana-Pacific Co. has a 1 year low of $49.47 and a 1 year high of $93.83.

Louisiana-Pacific (NYSE:LPXGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.40. The company had revenue of $724.00 million during the quarter, compared to analyst estimates of $686.84 million. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. Louisiana-Pacific’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. As a group, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.79 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.04 annualized dividend and a dividend yield of 1.12%. Louisiana-Pacific’s payout ratio is 28.57%.

About Louisiana-Pacific

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter.