Boothbay Fund Management LLC Has $3.80 Million Position in Louisiana-Pacific Corporation $LPX

Boothbay Fund Management LLC raised its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 1,733.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,801 shares of the building manufacturing company’s stock after acquiring an additional 40,467 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.06% of Louisiana-Pacific worth $3,802,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning boosted its position in Louisiana-Pacific by 3.9% in the third quarter. Creative Planning now owns 13,419 shares of the building manufacturing company’s stock valued at $1,192,000 after buying an additional 499 shares in the last quarter. Credit Agricole S A acquired a new stake in shares of Louisiana-Pacific during the third quarter worth approximately $1,828,000. Raymond James Financial Inc. increased its holdings in shares of Louisiana-Pacific by 78.1% during the third quarter. Raymond James Financial Inc. now owns 48,522 shares of the building manufacturing company’s stock worth $4,311,000 after buying an additional 21,277 shares in the last quarter. Parsifal Capital Management LP bought a new position in shares of Louisiana-Pacific in the third quarter valued at approximately $46,161,000. Finally, Amundi boosted its holdings in shares of Louisiana-Pacific by 6.7% in the 3rd quarter. Amundi now owns 22,358 shares of the building manufacturing company’s stock worth $1,994,000 after acquiring an additional 1,412 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Buying and Selling

In related news, Director F Nicholas Grasberger III acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average price of $85.49 per share, for a total transaction of $1,709,800.00. Following the completion of the acquisition, the director owned 38,954 shares of the company’s stock, valued at $3,330,177.46. This trade represents a 105.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lizanne M. Bruce sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total value of $102,167.00. Following the transaction, the director owned 17,160 shares in the company, valued at approximately $1,348,604.40. This trade represents a 7.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 113,310 shares of company stock valued at $10,235,781 over the last three months. Company insiders own 1.42% of the company’s stock.

Louisiana-Pacific Trading Down 0.1%

LPX opened at $75.74 on Tuesday. The firm has a 50 day simple moving average of $87.17 and a 200 day simple moving average of $86.55. Louisiana-Pacific Corporation has a fifty-two week low of $73.42 and a fifty-two week high of $102.86. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 36.24 and a beta of 1.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.78 and a quick ratio of 1.53.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $567.00 million for the quarter, compared to analysts’ expectations of $589.96 million. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. On average, sell-side analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 27th. Louisiana-Pacific’s payout ratio is presently 53.59%.

Analyst Upgrades and Downgrades

LPX has been the topic of a number of research analyst reports. Oppenheimer restated an “outperform” rating on shares of Louisiana-Pacific in a research report on Tuesday, March 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $104.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, February 18th. Barclays boosted their price objective on Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. DA Davidson lowered their target price on Louisiana-Pacific from $117.00 to $114.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.83.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.