Louisiana-Pacific Co. (NYSE:LPX) Position Reduced by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lowered its stake in Louisiana-Pacific Co. (NYSE:LPXFree Report) by 77.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,824 shares of the building manufacturing company’s stock after selling 23,110 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Louisiana-Pacific were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Alberta Investment Management Corp raised its stake in Louisiana-Pacific by 101.5% during the fourth quarter. Alberta Investment Management Corp now owns 9,475 shares of the building manufacturing company’s stock valued at $671,000 after buying an additional 4,772 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Louisiana-Pacific in the 4th quarter valued at approximately $210,000. Treasurer of the State of North Carolina raised its position in shares of Louisiana-Pacific by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 28,499 shares of the building manufacturing company’s stock valued at $2,019,000 after acquiring an additional 280 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Louisiana-Pacific by 41.2% during the fourth quarter. Allianz Asset Management GmbH now owns 232,356 shares of the building manufacturing company’s stock worth $16,458,000 after purchasing an additional 67,748 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Louisiana-Pacific by 74.1% in the fourth quarter. Hsbc Holdings PLC now owns 38,947 shares of the building manufacturing company’s stock worth $2,780,000 after purchasing an additional 16,573 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

LPX has been the topic of a number of recent research reports. BMO Capital Markets raised their price target on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. DA Davidson lifted their target price on Louisiana-Pacific from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Loop Capital initiated coverage on Louisiana-Pacific in a research report on Friday, May 3rd. They set a “hold” rating and a $82.00 price target on the stock. Seaport Res Ptn lowered Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research report on Thursday, May 9th. Finally, TD Securities upped their price objective on Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $83.89.

View Our Latest Research Report on LPX

Louisiana-Pacific Stock Performance

LPX stock opened at $89.98 on Monday. The company has a 50-day simple moving average of $82.46 and a 200 day simple moving average of $74.51. The company has a market capitalization of $6.45 billion, a P/E ratio of 24.72, a PEG ratio of 11.69 and a beta of 1.92. The company has a quick ratio of 1.75, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a fifty-two week low of $49.47 and a fifty-two week high of $93.83.

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

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend 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

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific 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 transaction, the director now directly owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific Profile

(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.

See Also

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

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