FrontFour Capital Group LLC Trims Stake in Louisiana-Pacific Co. (LPX)

FrontFour Capital Group LLC trimmed its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,794 shares of the construction company’s stock after selling 47,014 shares during the quarter. Louisiana-Pacific makes up about 3.9% of FrontFour Capital Group LLC’s investment portfolio, making the stock its 11th largest holding. FrontFour Capital Group LLC owned approximately 0.14% of Louisiana-Pacific worth $4,395,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LPX. Lavaca Capital LLC acquired a new stake in Louisiana-Pacific in the 4th quarter worth approximately $29,000. Oregon Public Employees Retirement Fund lifted its holdings in Louisiana-Pacific by 2,122.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,268,318 shares of the construction company’s stock worth $57,000 after purchasing an additional 1,211,238 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Louisiana-Pacific by 28.5% in the 4th quarter. Toronto Dominion Bank now owns 2,570 shares of the construction company’s stock worth $57,000 after purchasing an additional 570 shares during the last quarter. Jane Street Group LLC acquired a new stake in Louisiana-Pacific in the 3rd quarter worth approximately $202,000. Finally, Lido Advisors LLC acquired a new stake in Louisiana-Pacific in the 3rd quarter worth approximately $205,000. Institutional investors and hedge funds own 91.47% of the company’s stock.

In other news, Director Gary Cook sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.76, for a total transaction of $99,040.00. Following the completion of the transaction, the director now directly owns 52,139 shares in the company, valued at $1,290,961.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by insiders.

Several research firms recently weighed in on LPX. Zacks Investment Research lowered Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, February 21st. TD Securities boosted their target price on Louisiana-Pacific from $25.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday, February 14th. Finally, Bank of America lowered Louisiana-Pacific from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $29.00 to $24.00 in a report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.67.

Shares of LPX stock opened at $24.63 on Friday. Louisiana-Pacific Co. has a 12 month low of $20.39 and a 12 month high of $32.16. The company has a market cap of $3.33 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 2.88 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.92 and a quick ratio of 3.88.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 13th. The construction company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.07). Louisiana-Pacific had a return on equity of 22.87% and a net margin of 13.95%. The business had revenue of $589.00 million for the quarter, compared to analyst estimates of $606.88 million. During the same quarter last year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was down 17.1% compared to the same quarter last year. Equities analysts anticipate that Louisiana-Pacific Co. will post 1.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 26th were issued a dividend of $0.135 per share. The ex-dividend date was Monday, February 25th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.19%. Louisiana-Pacific’s payout ratio is 19.71%.

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Louisiana-Pacific Profile

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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Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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