12th Street Asset Management Company LLC Purchases 1,599 Shares of Louisiana-Pacific Co. (NYSE:LPX)

12th Street Asset Management Company LLC increased its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,410 shares of the building manufacturing company’s stock after buying an additional 1,599 shares during the quarter. 12th Street Asset Management Company LLC owned 0.06% of Louisiana-Pacific worth $4,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. raised its holdings in shares of Louisiana-Pacific by 4.7% in the third quarter. Assetmark Inc. now owns 12,646 shares of the building manufacturing company’s stock valued at $1,359,000 after purchasing an additional 571 shares during the last quarter. Covestor Ltd raised its holdings in shares of Louisiana-Pacific by 61.0% in 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. Crossmark Global Holdings Inc. raised its holdings in shares of Louisiana-Pacific by 4.2% in the third quarter. Crossmark Global Holdings Inc. now owns 4,442 shares of the building manufacturing company’s stock valued at $477,000 after purchasing an additional 181 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Louisiana-Pacific by 5.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 5,917 shares of the building manufacturing company’s stock valued at $636,000 after purchasing an additional 332 shares during the last quarter. Finally, Entropy Technologies LP raised its holdings in shares of Louisiana-Pacific by 79.5% in the third quarter. Entropy Technologies LP now owns 4,395 shares of the building manufacturing company’s stock valued at $472,000 after purchasing an additional 1,946 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Loop Capital lowered their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. DA Davidson cut their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. TD Securities cut their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Finally, BMO Capital Markets increased their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $111.50.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $89.19 on Friday. The stock has a market cap of $6.22 billion, a P/E ratio of 15.17, a PEG ratio of 1.24 and a beta of 2.02. Louisiana-Pacific Co. has a 1-year low of $71.39 and a 1-year high of $122.87. 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 50 day simple moving average of $107.76 and a 200 day simple moving average of $106.69.

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

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s payout ratio is presently 19.05%.

Insider Activity

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is owned by corporate insiders.

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.