Crossmark Global Holdings Inc. grew its stake in Louisiana-Pacific Co. (NYSE:LPX) by 116.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,416 shares of the construction company’s stock after acquiring an additional 12,618 shares during the period. Crossmark Global Holdings Inc.’s holdings in Louisiana-Pacific were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of Louisiana-Pacific by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after buying an additional 56 shares during the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of Louisiana-Pacific during the third quarter worth approximately $202,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Louisiana-Pacific by 43.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the construction company’s stock worth $215,000 after buying an additional 2,481 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Louisiana-Pacific during the third quarter worth approximately $255,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Louisiana-Pacific during the third quarter worth approximately $265,000. 92.31% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. Scotiabank boosted their price target on shares of Louisiana-Pacific from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. DA Davidson boosted their price target on shares of Louisiana-Pacific to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Stephens set a $32.00 price target on shares of Louisiana-Pacific and gave the stock a “hold” rating in a research note on Tuesday, February 13th. BMO Capital Markets set a $25.00 price target on shares of Louisiana-Pacific and gave the stock a “sell” rating in a research note on Tuesday, February 13th. Finally, Bank of America raised shares of Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $30.71.
Louisiana-Pacific Co. (LPX) opened at $29.25 on Monday. The stock has a market cap of $4,240.00, a P/E ratio of 11.47, a P/E/G ratio of 2.26 and a beta of 1.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.31 and a current ratio of 5.03. Louisiana-Pacific Co. has a 1-year low of $22.07 and a 1-year high of $31.07.
Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Tuesday, February 13th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.15. The firm had revenue of $710.60 million during the quarter, compared to analysts’ expectations of $654.26 million. Louisiana-Pacific had a net margin of 14.26% and a return on equity of 24.05%. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share. equities analysts forecast that Louisiana-Pacific Co. will post 2.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 26th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Friday, February 23rd.
In related news, EVP Neil Sherman sold 18,885 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $30.04, for a total transaction of $567,305.40. Following the completion of the transaction, the executive vice president now owns 62,770 shares in the company, valued at $1,885,610.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.48% of the stock is currently owned by insiders.
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Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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