Kestra Investment Management LLC Buys 1,512 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Kestra Investment Management LLC grew its stake in Louisiana-Pacific Co. (NYSE:LPX) by 63.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,912 shares of the building manufacturing company’s stock after buying an additional 1,512 shares during the quarter. Kestra Investment Management LLC’s holdings in Louisiana-Pacific were worth $405,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC boosted its position in Louisiana-Pacific by 4.3% during the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock worth $255,000 after purchasing an additional 97 shares during the period. Private Advisor Group LLC lifted its stake in shares of Louisiana-Pacific by 4.8% in the third quarter. Private Advisor Group LLC now owns 10,843 shares of the building manufacturing company’s stock worth $1,165,000 after buying an additional 493 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Louisiana-Pacific by 10,646.0% during the 3rd quarter. International Assets Investment Management LLC now owns 69,634 shares of the building manufacturing company’s stock worth $7,483,000 after buying an additional 68,986 shares during the period. Riverwater Partners LLC grew its stake in Louisiana-Pacific by 2.6% in the 3rd quarter. Riverwater Partners LLC now owns 10,025 shares of the building manufacturing company’s stock valued at $1,082,000 after buying an additional 252 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Louisiana-Pacific in the 3rd quarter worth $256,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. BMO Capital Markets increased their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. Royal Bank of Canada lifted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, TD Securities boosted their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $108.38.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on 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 owns 18,513 shares of the company’s stock, valued at $2,101,225.50. The trade was a 11.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Down 10.0 %

Shares of LPX stock opened at $101.60 on Thursday. The stock has a market cap of $7.14 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The stock has a fifty day moving average price of $110.81 and a 200 day moving average price 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) last released its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. The company had revenue of $681.00 million during 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 firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. Analysts predict that Louisiana-Pacific Co. will post 5.64 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.10%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, February 27th. Louisiana-Pacific’s payout ratio is presently 19.31%.

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.