Louisiana-Pacific Co. (NYSE:LPX) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,666 shares of the building manufacturing company's stock after buying an additional 2,730 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Louisiana-Pacific were worth $1,933,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Hanseatic Management Services Inc. raised its holdings in Louisiana-Pacific by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock valued at $97,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings 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 buying an additional 100 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Louisiana-Pacific by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock worth $228,000 after buying an additional 114 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Louisiana-Pacific by 5.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company's stock worth $242,000 after buying an additional 124 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Louisiana-Pacific by 7.1% during the 4th quarter. Sanctuary Advisors LLC now owns 1,862 shares of the building manufacturing company's stock worth $193,000 after buying an additional 124 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

LPX has been the subject of a number of research analyst reports. DA Davidson dropped 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 restated an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. Loop Capital dropped their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a report on Monday, February 24th. BMO Capital Markets upped their price target 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, February 20th. Finally, 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, February 20th. Two investment 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $111.50.

Louisiana-Pacific Stock Down 0.6 %

NYSE:LPX traded down $0.56 on Friday, reaching $92.84. The stock had a trading volume of 1,056,926 shares, compared to its average volume of 734,069. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12-month low of $71.39 and a 12-month high of $122.87. The company has a 50-day moving average of $105.99 and a 200 day moving average of $106.42. The stock has a market cap of $6.47 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million for the quarter, compared to analysts' expectations of $666.75 million. During the same quarter last year, the company posted $0.71 earnings per share. The company's quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.21%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.05%.

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.