Bayesian Capital Management LP Grows Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Bayesian Capital Management LP raised its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 22.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,000 shares of the building manufacturing company’s stock after buying an additional 900 shares during the quarter. Bayesian Capital Management LP’s holdings in Louisiana-Pacific were worth $420,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. LifeSteps Financial Inc. purchased a new stake in shares of Louisiana-Pacific during the first quarter valued at about $25,000. Fidelis Capital Partners LLC purchased a new position in shares of Louisiana-Pacific in the 1st quarter valued at approximately $25,000. Whittier Trust Co. purchased a new position in shares of Louisiana-Pacific in the 1st quarter valued at approximately $31,000. Bessemer Group Inc. raised its position in shares of Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after purchasing an additional 318 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Louisiana-Pacific by 232.9% in the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock valued at $56,000 after purchasing an additional 552 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock traded down $0.45 during trading on Wednesday, reaching $98.26. The company had a trading volume of 25,083 shares, compared to its average volume of 928,948. The firm’s 50-day simple moving average is $88.32 and its 200 day simple moving average is $79.76. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $99.57. The firm has a market capitalization of $7.05 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 13.97 and a beta of 1.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 3.32.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.40. The firm had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $686.84 million. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. As a group, equities research analysts anticipate that Louisiana-Pacific Co. will post 5.23 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.04 annualized dividend and a dividend yield of 1.06%. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group lowered shares of Louisiana-Pacific from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $89.00 to $81.00 in a research report on Monday, June 17th. Royal Bank of Canada increased their price target on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. DA Davidson increased their price target on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 14th. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, TD Securities raised their price objective on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $90.50.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 3,591 shares of Louisiana-Pacific stock in a transaction on Monday, June 17th. The stock was sold at an average price of $89.18, for a total transaction of $320,245.38. Following the transaction, the director now owns 23,501 shares in the company, valued at approximately $2,095,819.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.26% of the company’s stock.

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.