Central Pacific Bank Trust Division Makes New $469,000 Investment in Louisiana-Pacific Co. (NYSE:LPX)

Central Pacific Bank Trust Division bought a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,635 shares of the building manufacturing company’s stock, valued at approximately $469,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Louisiana-Pacific by 48,193.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock worth $13,616,000 after acquiring an additional 161,931 shares during the last quarter. Arlington Trust Co LLC bought a new stake in shares of Louisiana-Pacific in the 4th quarter valued at $1,062,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Louisiana-Pacific by 83.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock valued at $110,717,000 after purchasing an additional 712,671 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Louisiana-Pacific by 21.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 503,348 shares of the building manufacturing company’s stock valued at $27,820,000 after purchasing an additional 88,147 shares during the last quarter. Finally, Vest Financial LLC boosted its stake in shares of Louisiana-Pacific by 26.2% in the 4th quarter. Vest Financial LLC now owns 198,516 shares of the building manufacturing company’s stock valued at $14,061,000 after purchasing an additional 41,169 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $89.18, for a total value of $320,245.38. Following the completion of the sale, the director now owns 23,501 shares in the company, valued at approximately $2,095,819.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.53% of the company’s stock.

Louisiana-Pacific Stock Down 0.6 %

Shares of Louisiana-Pacific stock traded down $0.49 during trading on Wednesday, reaching $79.57. 65,410 shares of the company traded hands, compared to its average volume of 949,783. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 1.75. The company has a 50 day moving average price of $86.57 and a 200-day moving average price of $77.78. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $95.70. The firm has a market capitalization of $5.71 billion, a PE ratio of 21.99, a P/E/G ratio of 10.49 and a beta of 1.89.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.40. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The firm had revenue of $724.00 million for the quarter, compared to the consensus estimate of $686.84 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The business’s revenue was up 24.0% on a year-over-year basis. As a group, equities research analysts expect that Louisiana-Pacific Co. will post 5.79 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.04 annualized dividend and a yield of 1.31%. Louisiana-Pacific’s payout ratio is 28.57%.

Analysts Set New Price Targets

LPX has been the topic of a number of analyst reports. TD Securities upped their price objective on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, May 9th. StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. The Goldman Sachs Group lowered shares of Louisiana-Pacific from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $89.00 to $81.00 in a research note on Monday, June 17th. Royal Bank of Canada upped their price objective on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Finally, Seaport Res Ptn lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $87.11.

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.