Legacy Capital Group California Inc. Buys Shares of 2,133 Louisiana-Pacific Co. (NYSE:LPX)

Legacy Capital Group California Inc. purchased a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,133 shares of the building manufacturing company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LPX. UMB Bank n.a. increased its stake in Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after buying an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Louisiana-Pacific in the fourth quarter worth $35,000. Versant Capital Management Inc increased its position in shares of Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of Louisiana-Pacific during the third quarter worth $38,000. Finally, Covestor Ltd raised its stake 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 acquiring an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

LPX has been the subject of several analyst reports. TD Securities lowered their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday. The Goldman Sachs Group boosted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday. BMO Capital Markets lifted their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, DA Davidson dropped their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $108.00.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.26% of the stock is currently owned by company insiders.

Louisiana-Pacific Stock Down 2.1 %

Shares of NYSE:LPX opened at $98.78 on Friday. The firm has a 50 day simple moving average of $110.24 and a 200-day simple moving average of $106.49. Louisiana-Pacific Co. has a twelve month low of $67.47 and a twelve month 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 company has a market capitalization of $6.94 billion, a PE ratio of 16.80, a P/E/G ratio of 1.23 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The firm had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. Louisiana-Pacific’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. On average, equities analysts predict that Louisiana-Pacific Co. will post 5.37 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a $0.28 dividend. The ex-dividend date is Thursday, February 27th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.13%. Louisiana-Pacific’s dividend payout ratio is 17.69%.

Louisiana-Pacific 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.