First Trust Advisors LP Purchases 55,317 Shares of Louisiana-Pacific Corporation $LPX

First Trust Advisors LP boosted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 25.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 275,498 shares of the building manufacturing company’s stock after purchasing an additional 55,317 shares during the quarter. First Trust Advisors LP’s holdings in Louisiana-Pacific were worth $23,690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. 59 North Capital Management LP increased its stake in shares of Louisiana-Pacific by 32.1% during the first quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock valued at $240,863,000 after buying an additional 635,817 shares during the period. Valeo Financial Advisors LLC lifted its stake in Louisiana-Pacific by 33,243.5% in the second quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock worth $222,610,000 after acquiring an additional 2,581,023 shares during the period. Eminence Capital LP grew its holdings in Louisiana-Pacific by 16.0% during the 1st quarter. Eminence Capital LP now owns 1,675,943 shares of the building manufacturing company’s stock worth $154,153,000 after acquiring an additional 230,837 shares in the last quarter. Invesco Ltd. increased its position in Louisiana-Pacific by 94.8% during the 2nd quarter. Invesco Ltd. now owns 1,028,250 shares of the building manufacturing company’s stock valued at $88,419,000 after purchasing an additional 500,449 shares during the period. Finally, Palestra Capital Management LLC increased its position in Louisiana-Pacific by 173.5% during the 1st quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company’s stock valued at $83,851,000 after purchasing an additional 578,248 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

LPX opened at $87.02 on Thursday. The company has a market cap of $6.06 billion, a P/E ratio of 28.16 and a beta of 1.81. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $84.59 and its 200-day moving average price is $89.08. Louisiana-Pacific Corporation has a 52-week low of $73.42 and a 52-week high of $119.91.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The company had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. During the same quarter last year, the business earned $1.22 earnings per share. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. As a group, equities analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Louisiana-Pacific’s dividend payout ratio is presently 36.25%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Vertical Research assumed coverage on shares of Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Monday. DA Davidson reiterated a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a research note on Thursday, November 20th. Royal Bank Of Canada decreased their price target on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, TD Securities cut their price objective on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.43.

Insider Transactions at Louisiana-Pacific

In other news, Director Stephen E. Macadam purchased 3,200 shares of the stock in a transaction on Friday, November 7th. The stock was bought at an average price of $78.06 per share, with a total value of $249,792.00. Following the transaction, the director owned 41,149 shares in the company, valued at $3,212,090.94. The trade was a 8.43% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.42% of the stock is owned by company insiders.

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.