Manchester Capital Management LLC Makes New Investment in Louisiana-Pacific Co. (NYSE:LPX)

Manchester Capital Management LLC acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,372 shares of the building manufacturing company's stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LPX. UMB Bank n.a. raised its position in shares of Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after acquiring an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Louisiana-Pacific during the fourth quarter worth $35,000. Versant Capital Management Inc lifted its position in shares of Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after buying an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Louisiana-Pacific in the 3rd quarter worth about $38,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at about $43,000. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

LPX traded down $11.34 on Wednesday, reaching $101.60. The company had a trading volume of 2,325,382 shares, compared to its average volume of 641,074. The company has a market capitalization of $7.14 billion, a P/E ratio of 17.52, a PEG ratio of 1.36 and a beta of 1.95. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $110.81 and a 200-day moving average of $106.48. Louisiana-Pacific Co. has a one year low of $66.77 and a one year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.29% and a return on equity of 24.50%. The business had revenue of $681.00 million during the quarter, compared to analysts' expectations of $666.75 million. During the same period last year, the firm posted $0.71 earnings per share. The business's revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts anticipate that Louisiana-Pacific Co. will post 5.64 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company 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 represents a $1.12 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's payout ratio is currently 17.93%.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares of the company's stock, valued at $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.53% of the company's stock.

Wall Street Analyst Weigh In

LPX has been the topic of a number of recent research reports. StockNews.com cut shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a report on Sunday, November 10th. The Goldman Sachs Group raised their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. TD Securities upped their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets upped their price target on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $108.38.

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.