Burney Co. Makes New $229,000 Investment in Louisiana-Pacific Co. (NYSE:LPX)

Burney Co. bought a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,731 shares of the building manufacturing company’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Louisiana-Pacific during the 4th quarter worth about $4,254,000. Stratos Wealth Advisors LLC grew its stake in shares of Louisiana-Pacific by 8.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 17,283 shares of the building manufacturing company’s stock valued at $1,224,000 after purchasing an additional 1,413 shares during the last quarter. Ceredex Value Advisors LLC increased its holdings in shares of Louisiana-Pacific by 2.9% in the fourth quarter. Ceredex Value Advisors LLC now owns 716,251 shares of the building manufacturing company’s stock valued at $50,732,000 after purchasing an additional 20,351 shares in the last quarter. Cerity Partners LLC bought a new position in Louisiana-Pacific in the 4th quarter worth approximately $2,559,000. Finally, Simplicity Solutions LLC acquired a new position in Louisiana-Pacific during the 4th quarter worth $204,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 3,591 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $89.18, for a total value of $320,245.38. Following the sale, the director now directly owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. DA Davidson lifted their target price on Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Seaport Res Ptn lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. BMO Capital Markets lifted their price target on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Finally, StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.50.

Louisiana-Pacific Stock Down 2.1 %

Shares of NYSE:LPX opened at $94.67 on Friday. The company has a 50 day moving average price of $88.89 and a two-hundred day moving average price of $80.39. The company has a market capitalization of $6.79 billion, a PE ratio of 26.01, a PEG ratio of 13.92 and a beta of 1.89. Louisiana-Pacific Co. has a 52 week low of $49.47 and a 52 week high of $100.65. 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 data on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.40. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The business had revenue of $724.00 million during the quarter, compared to analysts’ expectations of $686.84 million. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. Analysts forecast that Louisiana-Pacific Co. will post 5.23 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

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.