KBC Group NV Acquires 1,214 Shares of Louisiana-Pacific Co. (NYSE:LPX)

KBC Group NV boosted its holdings in Louisiana-Pacific Co. (NYSE:LPXFree Report) by 28.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,529 shares of the building manufacturing company’s stock after purchasing an additional 1,214 shares during the quarter. KBC Group NV’s holdings in Louisiana-Pacific were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in shares of Louisiana-Pacific by 232.9% during the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock worth $56,000 after acquiring an additional 552 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Louisiana-Pacific during the 4th quarter valued at about $75,000. Larson Financial Group LLC grew its position 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 valued at $96,000 after purchasing an additional 681 shares in the last quarter. Simplicity Solutions LLC bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth about $204,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of Louisiana-Pacific in the fourth quarter worth about $206,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on LPX. Seaport Res Ptn downgraded Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. TheStreet cut shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. DA Davidson increased their price objective on shares of Louisiana-Pacific from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. BMO Capital Markets boosted their target price 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, StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.89.

Get Our Latest Stock Analysis on LPX

Louisiana-Pacific Trading Down 3.3 %

LPX opened at $89.98 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 3.32. The stock’s 50 day moving average price is $82.46 and its 200-day moving average price is $74.51. Louisiana-Pacific Co. has a one year low of $49.47 and a one year high of $93.83. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 24.72, a P/E/G ratio of 11.69 and a beta of 1.92.

Louisiana-Pacific (NYSE:LPXGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The company had revenue of $724.00 million for the quarter, compared to the consensus estimate of $686.84 million. During the same quarter in the prior year, the company posted $0.34 EPS. Louisiana-Pacific’s quarterly revenue was up 24.0% on a year-over-year basis. On average, equities analysts forecast that Louisiana-Pacific Co. will post 5.79 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business 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. This represents a $1.04 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, May 21st. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 directly owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.26% of the stock is currently owned by company insiders.

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.

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

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