Inceptionr LLC Buys New Stake in Louisiana-Pacific Co. (NYSE:LPX)

Inceptionr LLC purchased a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,879 shares of the building manufacturing company’s stock, valued at approximately $298,000.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew its holdings in Louisiana-Pacific by 33.9% during the third quarter. Van ECK Associates Corp now owns 38,468 shares of the building manufacturing company’s stock worth $3,849,000 after acquiring an additional 9,735 shares during the period. Leavell Investment Management Inc. purchased a new stake in Louisiana-Pacific in the 3rd quarter worth approximately $215,000. Assetmark Inc. grew its stake in shares of Louisiana-Pacific by 4.7% during the 3rd quarter. Assetmark Inc. now owns 12,646 shares of the building manufacturing company’s stock worth $1,359,000 after purchasing an additional 571 shares during the period. Covestor Ltd increased its holdings in shares of Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Louisiana-Pacific by 4.2% in the 3rd 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 period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.26% of the stock is owned by corporate insiders.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $92.86 on Monday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 15.79, a PEG ratio of 1.24 and a beta of 2.02. The business has a 50 day simple moving average of $108.55 and a two-hundred day simple moving average of $106.78. Louisiana-Pacific Co. has a 12 month low of $71.39 and a 12 month high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69.

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

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.21%. Louisiana-Pacific’s payout ratio is presently 19.05%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Loop Capital dropped their target price on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 24th. DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Finally, 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 research report on Thursday, February 20th. Two 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $111.50.

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.