Dimensional Fund Advisors LP raised its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,617,650 shares of the construction company’s stock after purchasing an additional 332,608 shares during the period. Dimensional Fund Advisors LP owned about 3.27% of Louisiana-Pacific worth $122,325,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in Louisiana-Pacific during the 3rd quarter valued at $2,279,000. Credit Suisse AG increased its holdings in shares of Louisiana-Pacific by 2,103.0% in the 3rd quarter. Credit Suisse AG now owns 3,687,132 shares of the construction company’s stock valued at $97,673,000 after acquiring an additional 3,519,763 shares during the period. Seizert Capital Partners LLC purchased a new position in shares of Louisiana-Pacific in the 3rd quarter valued at $1,306,000. SG Americas Securities LLC increased its holdings in shares of Louisiana-Pacific by 312.4% in the 3rd quarter. SG Americas Securities LLC now owns 240,964 shares of the construction company’s stock valued at $6,383,000 after acquiring an additional 182,539 shares during the period. Finally, LSV Asset Management increased its holdings in shares of Louisiana-Pacific by 430.2% in the 3rd quarter. LSV Asset Management now owns 976,016 shares of the construction company’s stock valued at $25,854,000 after acquiring an additional 791,916 shares during the period. 93.55% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Michael Emory Kinney sold 11,815 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $31.05, for a total transaction of $366,855.75. Following the transaction, the chief financial officer now directly owns 32,042 shares in the company, valued at approximately $994,904.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO William Bradley Southern sold 12,042 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $31.00, for a total value of $373,302.00. Following the transaction, the chief executive officer now owns 196,518 shares in the company, valued at $6,092,058. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,287 shares of company stock worth $975,986. 1.48% of the stock is owned by company insiders.
Shares of NYSE:LPX opened at $21.90 on Friday. Louisiana-Pacific Co. has a 12-month low of $20.89 and a 12-month high of $32.16. The company has a current ratio of 6.13, a quick ratio of 4.91 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.09 billion, a PE ratio of 9.40, a P/E/G ratio of 1.51 and a beta of 1.65.
Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Tuesday, November 6th. The construction company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.17. Louisiana-Pacific had a return on equity of 27.84% and a net margin of 17.23%. The firm had revenue of $736.80 million for the quarter, compared to the consensus estimate of $724.92 million. During the same period in the previous year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that Louisiana-Pacific Co. will post 2.9 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.52 annualized dividend and a yield of 2.37%. Louisiana-Pacific’s dividend payout ratio (DPR) is 22.32%.
LPX has been the topic of a number of analyst reports. Seaport Global Securities initiated coverage on Louisiana-Pacific in a report on Tuesday, October 23rd. They issued a “buy” rating and a $31.00 price target on the stock. BMO Capital Markets upgraded Louisiana-Pacific from an “underperform” rating to a “market perform” rating and cut their price target for the company from $27.00 to $24.00 in a report on Monday, October 22nd. They noted that the move was a valuation call. Longbow Research reiterated a “hold” rating on shares of Louisiana-Pacific in a report on Tuesday, October 9th. ValuEngine downgraded Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Finally, Zacks Investment Research downgraded Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $32.13.
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Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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