Monument Capital Management Acquires New Position in Louisiana-Pacific Co. (NYSE:LPX)

Monument Capital Management acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,007 shares of the building manufacturing company's stock, valued at approximately $2,382,000.

Other hedge funds have also made changes to their positions in the company. Csenge Advisory Group purchased a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $452,000. Manchester Capital Management LLC purchased a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $349,000. Van ECK Associates Corp boosted its position in shares of Louisiana-Pacific by 51.2% during the 4th quarter. Van ECK Associates Corp now owns 58,149 shares of the building manufacturing company's stock worth $6,021,000 after purchasing an additional 19,681 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Louisiana-Pacific by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock worth $1,802,000 after purchasing an additional 100 shares during the period. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $162,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday. TD Securities decreased their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday. DA Davidson decreased their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday. Finally, StockNews.com cut shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $108.00.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now owns 18,513 shares of the company's stock, 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 available at this link. Insiders own 1.26% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded down $0.53 during midday trading on Thursday, hitting $100.98. The stock had a trading volume of 1,313,915 shares, compared to its average volume of 661,470. The company has a market capitalization of $7.09 billion, a PE ratio of 17.41, a P/E/G ratio of 1.37 and a beta of 1.95. The stock has a 50 day moving average price of $110.52 and a two-hundred day moving average price of $106.44. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 1 year low of $66.77 and a 1 year high of $122.87.

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

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued a $0.28 dividend. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date is Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.11%. Louisiana-Pacific's payout ratio is presently 17.93%.

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.