Pacific Capital Partners Ltd Acquires New Shares in Louisiana-Pacific Corporation $LPX

Pacific Capital Partners Ltd bought a new stake in Louisiana-Pacific Corporation (NYSE:LPX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,500 shares of the building manufacturing company’s stock, valued at approximately $1,010,000. Louisiana-Pacific makes up approximately 1.1% of Pacific Capital Partners Ltd’s investment portfolio, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LPX. Versant Capital Management Inc grew its stake in shares of Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after buying an additional 127 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in Louisiana-Pacific by 4.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 3,139 shares of the building manufacturing company’s stock valued at $279,000 after acquiring an additional 136 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in Louisiana-Pacific by 1.5% in the third quarter. Elo Mutual Pension Insurance Co now owns 11,524 shares of the building manufacturing company’s stock valued at $1,024,000 after acquiring an additional 166 shares during the last quarter. WINTON GROUP Ltd grew its position in Louisiana-Pacific by 2.7% in the third quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company’s stock worth $611,000 after acquiring an additional 183 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Louisiana-Pacific by 1.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the building manufacturing company’s stock worth $1,564,000 after purchasing an additional 200 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Price Performance

NYSE LPX opened at $70.26 on Tuesday. Louisiana-Pacific Corporation has a 1 year low of $69.63 and a 1 year high of $102.86. The company has a fifty day simple moving average of $83.85 and a 200 day simple moving average of $84.93. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.91 billion, a P/E ratio of 33.62 and a beta of 1.78.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $567.00 million during the quarter, compared to analyst estimates of $589.96 million. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The business’s revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. On average, sell-side analysts predict that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.28. Louisiana-Pacific’s dividend payout ratio is currently 53.59%.

Analysts Set New Price Targets

Several research firms recently issued reports on LPX. Oppenheimer reaffirmed an “outperform” rating on shares of Louisiana-Pacific in a research note on Tuesday, March 3rd. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Barclays raised their target price on Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. DA Davidson decreased their price target on Louisiana-Pacific from $117.00 to $114.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $104.00 price objective on shares of Louisiana-Pacific in a report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Louisiana-Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $105.83.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 14,166 shares of Louisiana-Pacific stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $89.29, for a total value of $1,264,882.14. Following the transaction, the chief executive officer directly owned 461,719 shares of the company’s stock, valued at $41,226,889.51. The trade was a 2.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director F Nicholas Grasberger III purchased 20,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of $85.49 per share, with a total value of $1,709,800.00. Following the completion of the acquisition, the director owned 38,954 shares of the company’s stock, valued at approximately $3,330,177.46. The trade was a 105.52% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 113,310 shares of company stock valued at $10,235,781 in the last 90 days. 0.65% of the stock is currently owned by insiders.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.