Weil Company Inc. Makes New $370,000 Investment in Louisiana-Pacific Co. (NYSE:LPX)

Weil Company Inc. purchased a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) during the second quarter, HoldingsChannel reports. The fund purchased 4,498 shares of the building manufacturing company’s stock, valued at approximately $370,000.

A number of other hedge funds have also recently made changes to their positions in LPX. LifeSteps Financial Inc. purchased a new position in Louisiana-Pacific in the 1st quarter worth approximately $25,000. Fidelis Capital Partners LLC purchased a new position in shares of Louisiana-Pacific in the first quarter worth $25,000. Whittier Trust Co. bought a new position in shares of Louisiana-Pacific during the first quarter worth $31,000. Bessemer Group Inc. grew its stake in Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after acquiring an additional 318 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after acquiring an additional 177 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Down 1.3 %

Shares of LPX opened at $92.09 on Friday. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $91.82 and a 200 day moving average of $85.12. The company has a market cap of $6.60 billion, a PE ratio of 25.30, a P/E/G ratio of 0.62 and a beta of 1.89. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $101.89.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.23. The firm had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The business’s revenue was up 33.2% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. On average, sell-side analysts expect that Louisiana-Pacific Co. will post 5.05 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.13%. Louisiana-Pacific’s dividend payout ratio is 28.57%.

Analysts Set New Price Targets

Several research analysts have commented on LPX shares. StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday. The Goldman Sachs Group increased their price target on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research note on Thursday, August 8th. Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. DA Davidson increased their target price on Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Finally, BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $94.88.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 3,591 shares of the business’s 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 completion of 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 document filed with the SEC, which is available through this hyperlink. In other news, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the transaction, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lizanne C. Gottung sold 3,591 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,991 shares of company stock worth $3,443,269. 1.26% of the stock is currently owned by company 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.