Louisiana-Pacific Co. (NYSE:LPX) Stock Holdings Boosted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 11.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,740,249 shares of the building manufacturing company’s stock after acquiring an additional 177,132 shares during the period. Price T Rowe Associates Inc. MD owned 2.43% of Louisiana-Pacific worth $146,026,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Retirement Systems of Alabama lifted its holdings in Louisiana-Pacific by 0.3% in the first quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock worth $6,763,000 after purchasing an additional 220 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Louisiana-Pacific by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 28,499 shares of the building manufacturing company’s stock valued at $2,019,000 after acquiring an additional 280 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Louisiana-Pacific by 0.5% in the 1st quarter. BNP Paribas Financial Markets now owns 59,907 shares of the building manufacturing company’s stock valued at $5,027,000 after acquiring an additional 285 shares during the last quarter. LifeSteps Financial Inc. acquired a new stake in Louisiana-Pacific in the 1st quarter valued at about $25,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Louisiana-Pacific in the 1st quarter valued at about $25,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LPX. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. BMO Capital Markets boosted their price objective on Louisiana-Pacific from $83.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. TD Securities boosted their price objective on Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, May 9th. DA Davidson upped their target price on Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Royal Bank of Canada upped their target price on Louisiana-Pacific from $88.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $90.50.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $89.18, for a total transaction of $320,245.38. Following the completion of the transaction, the director now directly owns 23,501 shares in the company, valued at $2,095,819.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Stock Performance

Shares of LPX traded down $0.12 during mid-day trading on Monday, hitting $97.48. The company’s stock had a trading volume of 72,297 shares, compared to its average volume of 936,050. Louisiana-Pacific Co. has a one year low of $49.47 and a one year high of $98.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 3.32. The firm has a market capitalization of $6.99 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 14.04 and a beta of 1.89. The stock’s 50-day moving average is $88.22 and its two-hundred day moving average is $79.57.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.40. The company had revenue of $724.00 million during the quarter, compared to analysts’ expectations of $686.84 million. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. Louisiana-Pacific’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. As a group, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.23 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were paid a $0.26 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. Louisiana-Pacific’s payout ratio is 28.57%.

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.