International Assets Investment Management LLC Invests $4.25 Million in Louisiana-Pacific Co. (NYSE:LPX)

International Assets Investment Management LLC bought a new stake in Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 60,064 shares of the building manufacturing company’s stock, valued at approximately $4,254,000. International Assets Investment Management LLC owned 0.08% of Louisiana-Pacific at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ceredex Value Advisors LLC raised its stake in shares of Louisiana-Pacific by 2.9% in the fourth quarter. Ceredex Value Advisors LLC now owns 716,251 shares of the building manufacturing company’s stock worth $50,732,000 after purchasing an additional 20,351 shares during the last quarter. Arlington Trust Co LLC purchased a new position in Louisiana-Pacific during the 4th quarter worth approximately $1,062,000. Stratos Wealth Advisors LLC lifted its stake in Louisiana-Pacific by 8.9% during the 4th quarter. Stratos Wealth Advisors LLC now owns 17,283 shares of the building manufacturing company’s stock valued at $1,224,000 after acquiring an additional 1,413 shares during the period. Arvest Trust Co. N A purchased a new stake in shares of Louisiana-Pacific in the 4th quarter valued at $758,000. Finally, Strong Tower Advisory Services increased its stake in shares of Louisiana-Pacific by 2.4% in the fourth quarter. Strong Tower Advisory Services now owns 51,520 shares of the building manufacturing company’s stock worth $3,649,000 after acquiring an additional 1,189 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company’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 sale, the director now owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. TheStreet lowered shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. Loop Capital assumed coverage on Louisiana-Pacific in a report on Friday, May 3rd. They set a “hold” rating and a $82.00 target price on the stock. TD Cowen reissued a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a report on Thursday, January 11th. 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. Finally, Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.75.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $88.12 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00. The company’s fifty day moving average price is $77.41 and its 200 day moving average price is $69.26. The stock has a market capitalization of $6.37 billion, a P/E ratio of 35.97 and a beta of 1.87. Louisiana-Pacific Co. has a 1 year low of $49.47 and a 1 year high of $88.16.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The firm had revenue of $658.00 million during the quarter, compared to the consensus estimate of $618.60 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities research analysts anticipate that Louisiana-Pacific Co. will post 4.89 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently declared 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. This represents a $1.04 annualized dividend and a dividend yield of 1.18%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s payout ratio is presently 42.45%.

Louisiana-Pacific 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.