Hosking Partners LLP Decreases Stake in Louisiana-Pacific Co. (NYSE:LPX)

Hosking Partners LLP decreased its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 4.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 270,955 shares of the building manufacturing company’s stock after selling 12,609 shares during the period. Hosking Partners LLP owned approximately 0.39% of Louisiana-Pacific worth $28,057,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Louisiana-Pacific by 36.7% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,045 shares of the building manufacturing company’s stock valued at $2,261,000 after acquiring an additional 5,645 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Louisiana-Pacific by 269.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company’s stock worth $4,318,000 after purchasing an additional 30,418 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Louisiana-Pacific by 238.1% in the third quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock worth $2,136,000 after buying an additional 14,001 shares during the period. Symphony Financial Ltd. Co. acquired a new stake in shares of Louisiana-Pacific in the fourth quarter valued at about $259,000. Finally, Ritholtz Wealth Management raised its holdings in shares of Louisiana-Pacific by 65.0% during the 4th quarter. Ritholtz Wealth Management now owns 7,381 shares of the building manufacturing company’s stock valued at $764,000 after buying an additional 2,907 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the sale, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is currently owned by company insiders.

Louisiana-Pacific Stock Down 0.4 %

Shares of NYSE:LPX opened at $99.58 on Friday. Louisiana-Pacific Co. has a 1-year low of $71.39 and a 1-year high of $122.87. The company’s fifty day moving average is $109.65 and its two-hundred day moving average is $106.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. The firm had revenue of $681.00 million for 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 revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. Equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.28 dividend. The ex-dividend date is Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.12%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.05%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LPX shares. Royal Bank of Canada restated an “outperform” rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. The Goldman Sachs Group raised their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. TD Securities lowered their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Finally, Loop Capital reduced their target price on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.50.

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.