Aster Capital Management DIFC Ltd Increases Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Aster Capital Management DIFC Ltd grew its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 796.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,972 shares of the building manufacturing company's stock after buying an additional 3,529 shares during the period. Aster Capital Management DIFC Ltd's holdings in Louisiana-Pacific were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LPX. UMB Bank n.a. raised its holdings in Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Louisiana-Pacific in the fourth quarter valued at $35,000. Versant Capital Management Inc boosted its position in Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Louisiana-Pacific by 65.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock worth $61,000 after acquiring an additional 232 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Louisiana-Pacific by 56.2% in the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock worth $75,000 after acquiring an additional 259 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms recently commented on LPX. Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. BMO Capital Markets lifted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. DA Davidson reduced their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company 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 on the stock in a report on Thursday, February 20th. Finally, Loop Capital reduced their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific currently has a consensus rating of "Hold" and a consensus price target of $111.50.

Louisiana-Pacific Stock Up 0.7 %

LPX traded up $0.56 during midday trading on Friday, reaching $86.20. 469,340 shares of the company were exchanged, compared to its average volume of 754,678. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a one year low of $71.39 and a one year high of $122.87. The company's fifty day moving average price is $97.62 and its 200 day moving average price is $105.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. As a group, analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.30%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio is presently 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.