NWQ Investment Management Company LLC decreased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 474,193 shares of the construction company’s stock after selling 7,395 shares during the period. NWQ Investment Management Company LLC’s holdings in Louisiana-Pacific were worth $12,452,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of LPX. Prudential Financial Inc. increased its holdings in shares of Louisiana-Pacific by 411.7% during the 3rd quarter. Prudential Financial Inc. now owns 2,068,380 shares of the construction company’s stock valued at $56,012,000 after acquiring an additional 1,664,170 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Louisiana-Pacific by 264.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,164,191 shares of the construction company’s stock valued at $61,830,000 after buying an additional 1,569,696 shares during the last quarter. American Century Companies Inc. grew its holdings in Louisiana-Pacific by 232.0% in the 4th quarter. American Century Companies Inc. now owns 1,799,091 shares of the construction company’s stock valued at $47,244,000 after buying an additional 1,257,159 shares during the last quarter. APG Asset Management N.V. grew its holdings in Louisiana-Pacific by 190.2% in the 4th quarter. APG Asset Management N.V. now owns 1,553,100 shares of the construction company’s stock valued at $33,964,000 after buying an additional 1,017,900 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Louisiana-Pacific by 117.3% in the 4th quarter. Acadian Asset Management LLC now owns 1,775,627 shares of the construction company’s stock valued at $46,625,000 after buying an additional 958,649 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Neil Sherman sold 18,885 shares of Louisiana-Pacific 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 sale, the executive vice president now owns 62,770 shares of the company’s stock, valued at approximately $1,885,610.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.48% of the stock is currently owned by company insiders.
Shares of Louisiana-Pacific Co. (LPX) opened at $28.56 on Wednesday. Louisiana-Pacific Co. has a fifty-two week low of $22.07 and a fifty-two week high of $31.07. The stock has a market capitalization of $4,144.12, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 2.16 and a beta of 1.58. The company has a quick ratio of 4.07, a current ratio of 5.03 and a debt-to-equity ratio of 0.22.
Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, February 13th. The construction company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.15. Louisiana-Pacific had a return on equity of 24.05% and a net margin of 14.26%. The company had revenue of $710.60 million for the quarter, compared to analyst estimates of $654.26 million. During the same quarter last year, the firm earned $0.23 EPS. Louisiana-Pacific’s revenue for the quarter was up 29.2% compared to the same quarter last year. equities research analysts forecast that Louisiana-Pacific Co. will post 2.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, February 23rd. Louisiana-Pacific’s payout ratio is presently 19.48%.
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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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