Edgestream Partners L.P. Acquires New Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Edgestream Partners L.P. acquired a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,810 shares of the building manufacturing company’s stock, valued at approximately $1,223,000.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after acquiring an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Louisiana-Pacific during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc grew its stake in Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Covestor Ltd lifted its position in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Louisiana-Pacific by 77.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.26% of the stock is currently owned by company insiders.

Louisiana-Pacific Trading Down 3.6 %

Shares of LPX opened at $89.49 on Tuesday. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.24 and a beta of 2.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. Louisiana-Pacific Co. has a fifty-two week low of $71.39 and a fifty-two week high of $122.87. The firm has a 50 day moving average price of $108.55 and a 200-day moving average price of $106.87.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. During the same period in the prior year, the business posted $0.71 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be issued a dividend of $0.28 per share. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is currently 19.05%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LPX. Truist Financial lifted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Loop Capital dropped their target price on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 24th. DA Davidson dropped their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. TD Securities dropped their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. Finally, BMO Capital Markets boosted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $111.50.

Louisiana-Pacific Company Profile

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.