Louisiana-Pacific Corporation $LPX Shares Acquired by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI lifted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 23.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,098,133 shares of the building manufacturing company’s stock after acquiring an additional 211,513 shares during the quarter. Fiduciary Management Inc. WI’s holdings in Louisiana-Pacific were worth $88,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Elo Mutual Pension Insurance Co increased its holdings in shares of Louisiana-Pacific by 1.5% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 11,524 shares of the building manufacturing company’s stock worth $1,024,000 after buying an additional 166 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Louisiana-Pacific by 2.7% during the 3rd quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company’s stock worth $611,000 after buying an additional 183 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Louisiana-Pacific by 1.3% during the 3rd quarter. State of Michigan Retirement System now owns 15,058 shares of the building manufacturing company’s stock worth $1,338,000 after buying an additional 200 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Louisiana-Pacific by 1.2% during the 2nd quarter. Tidal Investments LLC now owns 21,339 shares of the building manufacturing company’s stock worth $1,835,000 after buying an additional 247 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Louisiana-Pacific by 3.1% during the 2nd quarter. Sei Investments Co. now owns 8,584 shares of the building manufacturing company’s stock worth $738,000 after buying an additional 257 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne M. Bruce sold 1,300 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total value of $102,167.00. Following the completion of the transaction, the director owned 17,160 shares in the company, valued at $1,348,604.40. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by company insiders.

Louisiana-Pacific Stock Down 0.9%

Louisiana-Pacific stock opened at $70.64 on Friday. Louisiana-Pacific Corporation has a fifty-two week low of $66.12 and a fifty-two week high of $102.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.48 and a current ratio of 3.26. The firm has a 50 day moving average price of $72.88 and a 200 day moving average price of $80.18. The company has a market capitalization of $4.94 billion, a PE ratio of 59.87, a price-to-earnings-growth ratio of 1.77 and a beta of 1.59.

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

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Louisiana-Pacific’s payout ratio is 101.69%.

Analysts Set New Price Targets

LPX has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. BMO Capital Markets upgraded shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 target price for the company in a report on Thursday, May 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $104.00 target price on shares of Louisiana-Pacific in a report on Wednesday, February 18th. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $114.00 target price on shares of Louisiana-Pacific in a report on Tuesday, May 5th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $97.25.

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.