Hosking Partners LLP decreased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,102 shares of the building manufacturing company’s stock after selling 9,111 shares during the period. Hosking Partners LLP owned 0.21% of Louisiana-Pacific worth $7,213,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. FMR LLC increased its holdings in Louisiana-Pacific by 256.3% in the first quarter. FMR LLC now owns 459,499 shares of the building manufacturing company’s stock worth $11,203,000 after purchasing an additional 330,547 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Louisiana-Pacific during the 3rd quarter worth approximately $540,000. Oakbrook Investments LLC acquired a new stake in shares of Louisiana-Pacific during the 3rd quarter worth approximately $210,000. 6 Meridian bought a new stake in shares of Louisiana-Pacific in the 3rd quarter valued at $1,740,000. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Louisiana-Pacific by 281.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 114,400 shares of the building manufacturing company’s stock valued at $2,812,000 after acquiring an additional 84,400 shares in the last quarter. Institutional investors own 96.61% of the company’s stock.
NYSE LPX opened at $33.73 on Friday. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 70.27 and a beta of 1.44. Louisiana-Pacific Co. has a 52 week low of $21.82 and a 52 week high of $34.18. The business has a 50 day moving average price of $31.06 and a 200-day moving average price of $27.56. The company has a quick ratio of 2.32, a current ratio of 3.52 and a debt-to-equity ratio of 0.31.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, February 14th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.14. Louisiana-Pacific’s payout ratio is 19.71%.
LPX has been the topic of several research analyst reports. BMO Capital Markets increased their target price on shares of Louisiana-Pacific from $28.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. ValuEngine cut shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Bank of America raised shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. TD Securities upped their price objective on shares of Louisiana-Pacific from $31.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada increased their price objective on shares of Louisiana-Pacific to $35.00 and gave the stock a “top pick” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $31.25.
In other Louisiana-Pacific news, CEO William Bradley Southern purchased 3,745 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average price of $29.36 per share, with a total value of $109,953.20. Following the transaction, the chief executive officer now owns 252,431 shares in the company, valued at $7,411,374.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Cook sold 10,000 shares of Louisiana-Pacific stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.95, for a total value of $299,500.00. Following the transaction, the director now owns 44,462 shares of the company’s stock, valued at approximately $1,331,636.90. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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