Canada Pension Plan Investment Board increased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX – Get Rating) by 167.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,300 shares of the building manufacturing company’s stock after purchasing an additional 20,227 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Louisiana-Pacific were worth $1,653,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zions Bancorporation N.A. acquired a new stake in Louisiana-Pacific during the 1st quarter worth approximately $25,000. Atlas Capital Advisors LLC acquired a new stake in Louisiana-Pacific during the 2nd quarter worth approximately $42,000. CNB Bank acquired a new stake in Louisiana-Pacific during the 2nd quarter worth approximately $66,000. Wipfli Financial Advisors LLC acquired a new stake in Louisiana-Pacific in the third quarter valued at approximately $85,000. Finally, Covestor Ltd grew its position in Louisiana-Pacific by 35.2% in the first quarter. Covestor Ltd now owns 1,720 shares of the building manufacturing company’s stock valued at $107,000 after acquiring an additional 448 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.
Insider Activity
In related news, Director Lizanne C. Gottung sold 3,587 shares of the firm’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $62.52, for a total transaction of $224,259.24. Following the transaction, the director now directly owns 27,470 shares in the company, valued at $1,717,424.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.26% of the company’s stock.
Analyst Ratings Changes
Louisiana-Pacific Stock Performance
Louisiana-Pacific stock opened at $57.70 on Tuesday. The stock has a market cap of $4.14 billion, a P/E ratio of 4.35 and a beta of 1.62. The company has a current ratio of 2.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $63.40 and a 200-day moving average of $59.40. Louisiana-Pacific Co. has a 52 week low of $48.20 and a 52 week high of $78.09.
Louisiana-Pacific (NYSE:LPX – Get Rating) last released its earnings results on Tuesday, February 21st. The building manufacturing company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $705.00 million during the quarter, compared to analysts’ expectations of $695.37 million. Louisiana-Pacific had a return on equity of 64.50% and a net margin of 26.99%. The business’s revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.24 EPS. On average, analysts expect that Louisiana-Pacific Co. will post 3.46 EPS for the current fiscal year.
Louisiana-Pacific Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be paid a dividend of $0.24 per share. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, March 9th. Louisiana-Pacific’s dividend payout ratio is 6.63%.
Louisiana-Pacific Company Profile
Louisiana-Pacific Corp. engages in the design and manufacture of engineered wood building products for builders, remodelers, and homeowners. It operates through the following segments: Siding, Oriented Strand Board (OSB), South America, and Other. The Siding segment offers engineered wood siding, trim, soffit, and fascia under the brands of LP, SmartSide, Trim & Siding LP, SmartSide, and ExpertFinish.
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