Hsbc Holdings PLC increased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,434 shares of the construction company’s stock after purchasing an additional 2,166 shares during the quarter. Hsbc Holdings PLC’s holdings in Louisiana-Pacific were worth $4,187,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in LPX. Aptus Capital Advisors LLC purchased a new position in Louisiana-Pacific during the 4th quarter valued at approximately $1,584,000. Great West Life Assurance Co. Can grew its holdings in Louisiana-Pacific by 16.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 127,090 shares of the construction company’s stock valued at $2,690,000 after buying an additional 17,610 shares in the last quarter. Alambic Investment Management L.P. lifted its stake in shares of Louisiana-Pacific by 85.4% in the 4th quarter. Alambic Investment Management L.P. now owns 78,391 shares of the construction company’s stock valued at $1,742,000 after purchasing an additional 36,100 shares during the last quarter. Burney Co. lifted its stake in shares of Louisiana-Pacific by 184.2% in the 4th quarter. Burney Co. now owns 45,165 shares of the construction company’s stock valued at $1,004,000 after purchasing an additional 29,273 shares during the last quarter. Finally, Tibra Equities Europe Ltd bought a new stake in shares of Louisiana-Pacific in the 4th quarter valued at approximately $653,000. Hedge funds and other institutional investors own 91.47% of the company’s stock.
In related news, Director Gary Cook sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.76, for a total transaction of $99,040.00. Following the completion of the sale, the director now directly owns 52,139 shares of the company’s stock, valued at approximately $1,290,961.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, February 13th. The construction company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.07). The company had revenue of $589.00 million during the quarter, compared to the consensus estimate of $606.88 million. Louisiana-Pacific had a net margin of 13.95% and a return on equity of 22.87%. Louisiana-Pacific’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. Research analysts expect that Louisiana-Pacific Co. will post 1.74 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 26th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 2.19%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, February 25th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.71%.
LPX has been the subject of several analyst reports. TD Securities raised their price objective on Louisiana-Pacific from $25.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, February 14th. Bank of America lowered Louisiana-Pacific from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $24.00 in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research lowered Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $29.67.
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Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
Further Reading: Market Capitalization and Individual Investors
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