Choreo LLC Purchases New Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Choreo LLC purchased a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,500 shares of the building manufacturing company’s stock, valued at approximately $248,000.

A number of other large investors also recently bought and sold shares of LPX. SG Americas Securities LLC boosted its holdings in Louisiana-Pacific by 582.3% in the third quarter. SG Americas Securities LLC now owns 11,361 shares of the building manufacturing company’s stock worth $628,000 after purchasing an additional 9,696 shares during the last quarter. Strategic Investment Advisors MI purchased a new position in shares of Louisiana-Pacific in the 3rd quarter worth $224,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Louisiana-Pacific by 18.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,918 shares of the building manufacturing company’s stock worth $714,000 after acquiring an additional 1,976 shares during the period. Shufro Rose & Co. LLC increased its position in Louisiana-Pacific by 50.0% during the third quarter. Shufro Rose & Co. LLC now owns 6,600 shares of the building manufacturing company’s stock valued at $365,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Strs Ohio lifted its holdings in Louisiana-Pacific by 38.0% in the third quarter. Strs Ohio now owns 20,699 shares of the building manufacturing company’s stock valued at $1,144,000 after acquiring an additional 5,698 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $74.31 on Friday. 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 has a market capitalization of $5.37 billion, a P/E ratio of 30.33 and a beta of 1.87. The firm’s 50 day simple moving average is $77.05 and its two-hundred day simple moving average is $68.67.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, beating 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 business had revenue of $658.00 million for the quarter, compared to the consensus estimate of $618.60 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. Research analysts expect that Louisiana-Pacific Co. will post 4.89 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.04 annualized dividend and a yield of 1.40%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s payout ratio is currently 42.45%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred 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 transaction, the director now owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

LPX has been the subject of a number of recent research reports. DA Davidson restated a “buy” rating and set a $76.00 price target on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. TD Securities upped their target price on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, February 15th. Loop Capital initiated coverage on shares of Louisiana-Pacific in a research report on Friday. They issued a “hold” rating and a $82.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, TheStreet cut Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $74.75.

Louisiana-Pacific Company 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.