29,159 Shares in Louisiana-Pacific Co. (NYSE:LPX) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) in the 4th quarter, Holdings Channel reports. The institutional investor bought 29,159 shares of the building manufacturing company’s stock, valued at approximately $3,019,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. grew its position in shares of Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after purchasing an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Louisiana-Pacific during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc grew its holdings in 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 buying an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Louisiana-Pacific in the 3rd quarter worth approximately $38,000. Finally, Covestor Ltd raised its holdings in shares of Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on LPX. BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. TD Securities dropped their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. DA Davidson decreased their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group increased their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, Loop Capital reduced their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $111.50.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.26% of the stock is owned by corporate insiders.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $97.73 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The firm has a market capitalization of $6.81 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 1.24 and a beta of 1.95. Louisiana-Pacific Co. has a 1-year low of $69.94 and a 1-year high of $122.87. The company’s 50-day moving average is $109.92 and its 200 day moving average is $106.68.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.79 by $0.24. The company 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%. Louisiana-Pacific’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 EPS. Research analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.15%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific’s payout ratio is 19.05%.

Louisiana-Pacific Company 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.