Hsbc Holdings PLC Acquires 10,661 Shares of Louisiana-Pacific Corporation $LPX

Hsbc Holdings PLC boosted its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 94.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,916 shares of the building manufacturing company’s stock after purchasing an additional 10,661 shares during the quarter. Hsbc Holdings PLC’s holdings in Louisiana-Pacific were worth $1,781,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LPX. North Ridge Wealth Advisors Inc. bought a new position in shares of Louisiana-Pacific during the second quarter worth approximately $26,000. Los Angeles Capital Management LLC acquired a new stake in Louisiana-Pacific during the fourth quarter worth approximately $29,000. Larson Financial Group LLC increased its stake in Louisiana-Pacific by 291.2% during the 3rd quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock worth $48,000 after acquiring an additional 399 shares during the period. International Assets Investment Management LLC bought a new position in Louisiana-Pacific during the 4th quarter worth $52,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in Louisiana-Pacific in the 4th quarter valued at $58,000. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

LPX stock traded up $0.63 during trading on Friday, reaching $73.35. 1,215,666 shares of the company were exchanged, compared to its average volume of 1,048,215. The company has a 50-day moving average of $74.37 and a two-hundred day moving average of $79.24. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 62.16, a P/E/G ratio of 1.84 and a beta of 1.60. Louisiana-Pacific Corporation has a twelve month low of $66.12 and a twelve month high of $102.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.24. The firm had revenue of $574.00 million for the quarter, compared to analyst estimates of $569.99 million. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The company’s quarterly revenue was down 20.7% on a year-over-year basis. During the same quarter last year, the business posted $1.27 earnings per share. As a group, equities analysts predict that Louisiana-Pacific Corporation will post 2 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Louisiana-Pacific’s dividend payout ratio (DPR) is 101.69%.

Analysts Set New Price Targets

LPX has been the topic of several analyst reports. DA Davidson reissued a “buy” rating and set a $114.00 target price on shares of Louisiana-Pacific in a report on Tuesday, May 5th. Weiss Ratings raised Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Oppenheimer cut their price objective on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Jefferies Financial Group began coverage on shares of Louisiana-Pacific in a report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 target price on the stock. Finally, TD upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific has a consensus rating of “Moderate Buy” and an average price target of $96.78.

About Louisiana-Pacific

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.