UniSuper Management Pty Ltd Grows Holdings in Louisiana-Pacific Corporation $LPX

UniSuper Management Pty Ltd boosted its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 31.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 49,785 shares of the building manufacturing company’s stock after purchasing an additional 11,873 shares during the period. UniSuper Management Pty Ltd owned approximately 0.07% of Louisiana-Pacific worth $4,423,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its position in Louisiana-Pacific by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 555,489 shares of the building manufacturing company’s stock valued at $47,766,000 after acquiring an additional 29,803 shares during the period. Ceredex Value Advisors LLC grew its stake in shares of Louisiana-Pacific by 57.2% in the 2nd quarter. Ceredex Value Advisors LLC now owns 124,100 shares of the building manufacturing company’s stock valued at $10,671,000 after purchasing an additional 45,175 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Louisiana-Pacific in the second quarter valued at approximately $424,000. Elo Mutual Pension Insurance Co acquired a new position in shares of Louisiana-Pacific in the second quarter valued at approximately $977,000. Finally, Highland Capital Management LLC purchased a new stake in shares of Louisiana-Pacific during the second quarter worth approximately $1,360,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Down 1.5%

Shares of NYSE LPX opened at $91.25 on Monday. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 29.53 and a beta of 1.80. Louisiana-Pacific Corporation has a 52 week low of $73.42 and a 52 week high of $119.91. The firm has a 50-day moving average price of $84.24 and a 200 day moving average price of $88.31. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $670.26 million. Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the business posted $1.22 earnings per share. Equities research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.2%. Louisiana-Pacific’s payout ratio is currently 36.25%.

Analysts Set New Price Targets

LPX has been the topic of a number of analyst reports. DA Davidson reiterated a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, November 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 29th. Barclays boosted their price target on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Vertical Research started coverage on shares of Louisiana-Pacific in a report on Monday, October 20th. They set a “buy” rating for the company. Finally, Zacks Research lowered Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.57.

Insiders Place Their Bets

In other news, CEO William Bradley Southern sold 14,166 shares of Louisiana-Pacific stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $93.08, for a total transaction of $1,318,571.28. Following the completion of the transaction, the chief executive officer owned 489,215 shares of the company’s stock, valued at $45,536,132.20. The trade was a 2.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stephen E. Macadam acquired 3,200 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $78.06 per share, for a total transaction of $249,792.00. Following the completion of the transaction, the director directly owned 41,149 shares in the company, valued at approximately $3,212,090.94. This represents a 8.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 113,344 shares of company stock worth $10,170,949. 1.42% of the stock is owned by company insiders.

Louisiana-Pacific Company 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.