BlackRock Inc. Buys 503,239 Shares of Louisiana-Pacific Co. (LPX)
BlackRock Inc. lifted its stake in Louisiana-Pacific Co. (NYSE:LPX) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,529,786 shares of the construction company’s stock after buying an additional 503,239 shares during the quarter. BlackRock Inc. owned approximately 0.12% of Louisiana-Pacific worth $460,331,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Prudential Financial Inc. raised its holdings in Louisiana-Pacific by 411.7% in the 3rd quarter. Prudential Financial Inc. now owns 2,068,380 shares of the construction company’s stock worth $56,012,000 after purchasing an additional 1,664,170 shares during the period. JPMorgan Chase & Co. raised its holdings in Louisiana-Pacific by 264.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,164,191 shares of the construction company’s stock worth $61,830,000 after purchasing an additional 1,569,696 shares during the period. American Century Companies Inc. raised its holdings in Louisiana-Pacific by 232.0% in the 4th quarter. American Century Companies Inc. now owns 1,799,091 shares of the construction company’s stock worth $47,244,000 after purchasing an additional 1,257,159 shares during the period. APG Asset Management N.V. raised its holdings in Louisiana-Pacific by 190.2% in the 4th quarter. APG Asset Management N.V. now owns 1,553,100 shares of the construction company’s stock worth $33,964,000 after purchasing an additional 1,017,900 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Louisiana-Pacific by 117.3% in the 4th quarter. Acadian Asset Management LLC now owns 1,775,627 shares of the construction company’s stock worth $46,625,000 after purchasing an additional 958,649 shares during the period. Hedge funds and other institutional investors own 93.61% of the company’s stock.
In other Louisiana-Pacific news, EVP Neil Sherman sold 18,885 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was 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 of the company’s stock, valued at $1,885,610.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.48% of the stock is owned by corporate insiders.
Louisiana-Pacific Co. (LPX) opened at $28.44 on Friday. Louisiana-Pacific Co. has a fifty-two week low of $22.07 and a fifty-two week high of $31.07. The company has a market capitalization of $4,120.00, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 2.20 and a beta of 1.58. The company has a current ratio of 5.03, a quick ratio of 4.07 and a debt-to-equity ratio of 0.22.
Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Tuesday, February 13th. The construction company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.15. Louisiana-Pacific had a return on equity of 24.05% and a net margin of 14.26%. The business had revenue of $710.60 million during the quarter, compared to analysts’ expectations of $654.26 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The business’s revenue was up 29.2% compared to the same quarter last year. equities research analysts expect that Louisiana-Pacific Co. will post 2.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, February 23rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.83%. Louisiana-Pacific’s payout ratio is currently 20.39%.
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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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