Edgestream Partners L.P. Acquires Shares of 11,810 Louisiana-Pacific Co. (NYSE:LPX)

Edgestream Partners L.P. purchased a new position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,810 shares of the building manufacturing company's stock, valued at approximately $1,223,000.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after acquiring an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth $35,000. Versant Capital Management Inc grew its holdings in shares of Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after acquiring an additional 214 shares during the period. Covestor Ltd grew its holdings in shares of Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock worth $46,000 after acquiring an additional 163 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of Louisiana-Pacific by 77.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company's stock worth $50,000 after acquiring an additional 201 shares during the period. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded down $2.59 during mid-day trading on Thursday, reaching $89.19. The company's stock had a trading volume of 533,970 shares, compared to its average volume of 760,529. The firm has a market capitalization of $6.22 billion, a PE ratio of 15.17, a P/E/G ratio of 1.24 and a beta of 2.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The stock has a fifty day moving average of $107.76 and a two-hundred day moving average of $106.69. Louisiana-Pacific Co. has a 52 week low of $71.39 and a 52 week high of $122.87.

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Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. The firm 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%. The business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. As a group, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a $0.28 dividend. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.26%. Louisiana-Pacific's dividend payout ratio is 19.05%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the sale, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is owned by company insiders.

About Louisiana-Pacific

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.