6,847 Shares in Louisiana-Pacific Co. (NYSE:LPX) Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. purchased a new position in Louisiana-Pacific Co. (NYSE:LPX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,847 shares of the building manufacturing company’s stock, valued at approximately $485,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LPX. Larson Financial Group LLC purchased a new position in Louisiana-Pacific in the third quarter worth about $37,000. Impact Partnership Wealth LLC bought a new stake in Louisiana-Pacific in the third quarter worth about $94,000. Counterpoint Mutual Funds LLC bought a new stake in Louisiana-Pacific in the third quarter worth about $130,000. Simplicity Solutions LLC bought a new stake in Louisiana-Pacific in the fourth quarter worth about $204,000. Finally, Raymond James Trust N.A. bought a new stake in Louisiana-Pacific in the fourth quarter worth about $206,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. TheStreet downgraded shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. TD Securities raised their price objective on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, February 15th. TD Cowen reaffirmed a “hold” rating and set a $75.00 price target on shares of Louisiana-Pacific in a research note on Thursday, January 11th. Finally, Truist Financial lifted their price target on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Hold” and a consensus price target of $73.71.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the transaction, the director now directly owns 25,995 shares in the company, valued at $2,016,692.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.53% of the stock is currently owned by insiders.

Louisiana-Pacific Price Performance

Shares of LPX opened at $73.24 on Tuesday. The firm has a market capitalization of $5.30 billion, a PE ratio of 29.89 and a beta of 1.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $84.54. The company’s fifty day moving average price is $76.15 and its 200-day moving average price is $67.41.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $618.60 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. On average, equities research analysts predict that Louisiana-Pacific Co. will post 4.12 EPS for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $0.26 per share. The ex-dividend date was Thursday, February 22nd. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 1.42%. Louisiana-Pacific’s payout ratio is currently 42.45%.

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.