Louisiana-Pacific Corporation $LPX Shares Acquired by UniSuper Management Pty Ltd
by Renee Jackson · The Cerbat GemUniSuper Management Pty Ltd increased its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX – Free Report) by 31.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,785 shares of the building manufacturing company’s stock after purchasing an additional 11,873 shares during the period. UniSuper Management Pty Ltd’s holdings in Louisiana-Pacific were worth $4,423,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Chung Wu Investment Group LLC acquired a new position in shares of Louisiana-Pacific in the second quarter worth $26,000. North Ridge Wealth Advisors Inc. purchased a new stake in Louisiana-Pacific during the 2nd quarter worth about $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in Louisiana-Pacific in the 2nd quarter valued at about $34,000. RMG Wealth Management LLC purchased a new position in Louisiana-Pacific in the 2nd quarter valued at about $44,000. Finally, Versant Capital Management Inc lifted its holdings in Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.
Louisiana-Pacific Stock Performance
Shares of NYSE:LPX opened at $91.25 on Monday. The business has a 50-day moving average of $84.24 and a two-hundred day moving average of $88.31. The firm has a market capitalization of $6.35 billion, a PE ratio of 29.53 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.93 and a quick ratio of 1.72. Louisiana-Pacific Corporation has a 12 month low of $73.42 and a 12 month high of $119.91.
Louisiana-Pacific (NYSE:LPX – Get Free Report) last issued its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $663.00 million for the quarter, compared to analysts’ expectations of $670.26 million. Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.22 EPS. As a group, research analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.
Louisiana-Pacific Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 14th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. Louisiana-Pacific’s dividend payout ratio is presently 36.25%.
Insiders Place Their Bets
In related news, Director Stephen E. Macadam purchased 3,200 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $78.06 per share, for a total transaction of $249,792.00. Following the acquisition, the director owned 41,149 shares in the company, valued at approximately $3,212,090.94. This trade represents a 8.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Bradley Southern sold 55,346 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $91.66, for a total value of $5,073,014.36. Following the completion of the transaction, the chief executive officer directly owned 503,381 shares in the company, valued at $46,139,902.46. This trade represents a 9.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 113,344 shares of company stock worth $10,170,949. Insiders own 1.42% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on LPX shares. Barclays lifted their price target on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Zacks Research cut shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. TD Securities cut their price target on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Vertical Research started coverage on Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating on the stock. Finally, DA Davidson restated a “buy” rating and set a $117.00 price objective on shares of Louisiana-Pacific in a report on Thursday, November 20th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.57.
View Our Latest Report on Louisiana-Pacific
Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.
Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.
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