American Century Companies Inc. Grows Position in Louisiana-Pacific Corporation $LPX

American Century Companies Inc. grew its position in Louisiana-Pacific Corporation (NYSE:LPX) by 24.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 688,772 shares of the building manufacturing company’s stock after acquiring an additional 133,283 shares during the quarter. American Century Companies Inc.’s holdings in Louisiana-Pacific were worth $61,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. North Ridge Wealth Advisors Inc. purchased a new position in shares of Louisiana-Pacific in the second quarter valued at $26,000. Versant Capital Management Inc raised its stake in Louisiana-Pacific by 34.3% during the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after purchasing an additional 127 shares in the last quarter. State of Wyoming bought a new position in Louisiana-Pacific during the third quarter valued at $82,000. EverSource Wealth Advisors LLC lifted its position in Louisiana-Pacific by 496.3% during the second quarter. EverSource Wealth Advisors LLC now owns 954 shares of the building manufacturing company’s stock valued at $82,000 after purchasing an additional 794 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Louisiana-Pacific by 2,000.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,050 shares of the building manufacturing company’s stock worth $90,000 after buying an additional 1,000 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director F Nicholas Grasberger III purchased 20,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were purchased at an average cost of $85.49 per share, for a total transaction of $1,709,800.00. Following the completion of the acquisition, the director owned 38,954 shares in the company, valued at approximately $3,330,177.46. This trade represents a 105.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William Bradley Southern sold 14,166 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $89.29, for a total transaction of $1,264,882.14. Following the completion of the transaction, the chief executive officer directly owned 461,719 shares in the company, valued at $41,226,889.51. This represents a 2.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 155,842 shares of company stock valued at $13,912,978 over the last three months. Insiders own 1.42% of the company’s stock.

Louisiana-Pacific Stock Down 2.5%

Shares of NYSE:LPX opened at $80.63 on Thursday. The firm has a market capitalization of $5.63 billion, a PE ratio of 38.58 and a beta of 1.78. The business has a 50 day simple moving average of $87.93 and a two-hundred day simple moving average of $87.70. Louisiana-Pacific Corporation has a 1 year low of $73.42 and a 1 year high of $102.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.78 and a quick ratio of 1.53.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The firm had revenue of $567.00 million during the quarter, compared to analyst estimates of $589.96 million. During the same period last year, the company earned $1.03 EPS. Louisiana-Pacific’s quarterly revenue was down 16.7% compared to the same quarter last year. On average, equities analysts predict that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 27th. Louisiana-Pacific’s dividend payout ratio is 53.59%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LPX shares. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Oppenheimer reissued an “outperform” rating on shares of Louisiana-Pacific in a research note on Tuesday. Royal Bank Of Canada restated an “outperform” rating and set a $104.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, February 18th. Barclays raised their price objective on Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, TD Securities cut their target price on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $105.83.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.