KLCM Advisors Inc. Raises Stock Holdings in Louisiana-Pacific Corporation $LPX

KLCM Advisors Inc. boosted its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,869 shares of the building manufacturing company’s stock after purchasing an additional 7,511 shares during the quarter. KLCM Advisors Inc. owned approximately 0.12% of Louisiana-Pacific worth $6,773,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LPX. Millennium Management LLC boosted its position in Louisiana-Pacific by 128.6% during the first quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock worth $16,259,000 after purchasing an additional 99,455 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Louisiana-Pacific during the first quarter valued at approximately $273,000. Goldman Sachs Group Inc. raised its holdings in shares of Louisiana-Pacific by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock valued at $25,274,000 after acquiring an additional 18,413 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Louisiana-Pacific by 207.1% during the first quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock valued at $2,596,000 after acquiring an additional 19,029 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Louisiana-Pacific by 15.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock valued at $20,747,000 after acquiring an additional 29,846 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LPX. Oppenheimer reduced their target price on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. DA Davidson reissued a “buy” rating and set a $114.00 target price on shares of Louisiana-Pacific in a report on Tuesday, May 5th. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $104.00 target price on shares of Louisiana-Pacific in a report on Wednesday, February 18th. Finally, BMO Capital Markets raised Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 target price for the company in a report on Thursday, May 7th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $97.25.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne M. Bruce sold 1,300 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total value of $102,167.00. Following the completion of the sale, the director owned 17,160 shares of the company’s stock, valued at approximately $1,348,604.40. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director F Nicholas Grasberger III purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of $85.49 per share, with a total value of $1,709,800.00. Following 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 position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.65% of the company’s stock.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $73.02 on Tuesday. Louisiana-Pacific Corporation has a one year low of $66.68 and a one year high of $102.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.48 and a current ratio of 3.26. The stock has a market cap of $5.10 billion, a PE ratio of 61.88, a P/E/G ratio of 1.54 and a beta of 1.60. The stock has a 50 day moving average price of $74.80 and a 200 day moving average price of $81.75.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.14 by $0.24. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The firm had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $569.99 million. During the same quarter last year, the firm earned $1.27 earnings per share. The business’s revenue for the quarter was down 20.7% on a year-over-year basis. Equities research analysts expect that Louisiana-Pacific Corporation will post 2.45 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 94.92%.

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.