Capital Advisory Group Advisory Services LLC Purchases 312 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Capital Advisory Group Advisory Services LLC boosted its position in Louisiana-Pacific Co. (NYSE:LPX) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,370 shares of the building manufacturing company’s stock after purchasing an additional 312 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Louisiana-Pacific were worth $245,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. UMB Bank n.a. boosted its holdings in shares of Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after buying an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Louisiana-Pacific during the 4th quarter worth $35,000. Versant Capital Management Inc grew its position in shares of Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after acquiring an additional 214 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Louisiana-Pacific during the third quarter valued at about $38,000. Finally, Covestor Ltd increased its position in Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after buying an additional 163 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LPX. TD Securities dropped their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday. The Goldman Sachs Group boosted their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, BMO Capital Markets boosted their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $108.00.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $100.98 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a twelve month low of $66.77 and a twelve month high of $122.87. The company’s 50-day moving average price is $110.52 and its 200-day moving average price is $106.44. The company has a market cap of $7.09 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.23 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. On average, equities research analysts forecast that Louisiana-Pacific Co. will post 5.37 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.11%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific’s payout ratio is presently 17.69%.

About Louisiana-Pacific

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.