GAMMA Investing LLC Increases Position in Louisiana-Pacific Co. (NYSE:LPX)

GAMMA Investing LLC raised its position in Louisiana-Pacific Co. (NYSE:LPX) by 9,905.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,431 shares of the building manufacturing company’s stock after purchasing an additional 59,827 shares during the quarter. GAMMA Investing LLC owned 0.09% of Louisiana-Pacific worth $5,558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in Louisiana-Pacific by 20.0% in the third quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company’s stock valued at $3,877,000 after buying an additional 6,011 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in Louisiana-Pacific by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company’s stock valued at $242,000 after buying an additional 124 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Louisiana-Pacific in the fourth quarter valued at $35,000. Choreo LLC increased its holdings in Louisiana-Pacific by 2.7% in the fourth quarter. Choreo LLC now owns 5,546 shares of the building manufacturing company’s stock valued at $574,000 after buying an additional 148 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in Louisiana-Pacific by 857.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 21,099 shares of the building manufacturing company’s stock valued at $2,185,000 after buying an additional 18,896 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Loop Capital upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Wednesday, May 7th. Royal Bank of Canada upped their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. DA Davidson decreased their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. BMO Capital Markets upped their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. Finally, TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Louisiana-Pacific currently has an average rating of “Hold” and an average target price of $107.38.

Louisiana-Pacific Trading Up 0.8%

Shares of LPX opened at $92.48 on Tuesday. The business’s 50-day moving average price is $88.82 and its 200 day moving average price is $100.40. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6.44 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.24 and a beta of 1.89. Louisiana-Pacific Co. has a 1-year low of $78.82 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.14. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company had revenue of $724.00 million for the quarter, compared to the consensus estimate of $711.66 million. During the same period in the previous year, the business earned $1.53 EPS. The company’s revenue was up .0% on a year-over-year basis. Analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, May 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.65%.

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.