Dorsey Wright & Associates grew its position in Louisiana-Pacific Co. (NYSE:LPX) by 16.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 187,557 shares of the construction company’s stock after acquiring an additional 26,003 shares during the period. Dorsey Wright & Associates’ holdings in Louisiana-Pacific were worth $4,925,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Louisiana-Pacific by 3.0% in the fourth quarter. BlackRock Inc. now owns 17,529,786 shares of the construction company’s stock worth $460,331,000 after buying an additional 503,239 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Louisiana-Pacific by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,814,005 shares of the construction company’s stock worth $130,370,000 after buying an additional 20,054 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Louisiana-Pacific by 9.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,734,888 shares of the construction company’s stock worth $98,078,000 after buying an additional 322,381 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Louisiana-Pacific by 29.2% in the fourth quarter. Renaissance Technologies LLC now owns 3,464,000 shares of the construction company’s stock worth $90,965,000 after buying an additional 783,116 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Louisiana-Pacific by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 2,680,639 shares of the construction company’s stock worth $70,392,000 after buying an additional 275,266 shares during the last quarter. 93.07% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on LPX. Bank of America upgraded Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. Stephens set a $31.00 target price on Louisiana-Pacific and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Zacks Investment Research downgraded Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 10th. DA Davidson upped their target price on Louisiana-Pacific to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, BMO Capital Markets set a $25.00 target price on Louisiana-Pacific and gave the stock a “sell” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Louisiana-Pacific presently has an average rating of “Hold” and a consensus price target of $30.71.
Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Tuesday, February 13th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. The company had revenue of $710.60 million for the quarter, compared to the consensus estimate of $654.26 million. Louisiana-Pacific had a return on equity of 24.05% and a net margin of 14.26%. Louisiana-Pacific’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 earnings per share. equities analysts forecast that Louisiana-Pacific Co. will post 2.59 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.83%. Louisiana-Pacific’s dividend payout ratio is currently 20.39%.
In other Louisiana-Pacific news, EVP Neil Sherman sold 18,885 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $30.04, for a total transaction of $567,305.40. Following the transaction, the executive vice president now owns 62,770 shares in the company, valued at $1,885,610.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.48% of the company’s stock.
Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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