Aquatic Capital Management LLC Purchases 13,289 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Aquatic Capital Management LLC boosted its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 3,322.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,689 shares of the building manufacturing company's stock after purchasing an additional 13,289 shares during the period. Aquatic Capital Management LLC's holdings in Louisiana-Pacific were worth $1,417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Louisiana-Pacific by 20.0% during the third quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company's stock valued at $3,877,000 after acquiring an additional 6,011 shares during the last quarter. Arvest Bank Trust Division purchased a new stake in Louisiana-Pacific during the third quarter valued at about $1,000,000. Wilmington Savings Fund Society FSB purchased a new stake in Louisiana-Pacific during the third quarter valued at about $323,000. Tidal Investments LLC increased its stake in shares of Louisiana-Pacific by 35.0% in the third quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company's stock worth $3,076,000 after purchasing an additional 7,419 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Louisiana-Pacific by 6.4% in the third quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company's stock worth $51,984,000 after purchasing an additional 30,297 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock traded up $1.00 during mid-day trading on Friday, hitting $87.52. 735,823 shares of the company traded hands, compared to its average volume of 734,220. The stock has a fifty day moving average price of $89.86 and a 200-day moving average price of $103.14. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a one year low of $72.91 and a one year high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the previous year, the company posted $0.71 EPS. Louisiana-Pacific's quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is 19.05%.

Analyst Ratings Changes

Several research firms recently commented on LPX. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. TD Securities dropped their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. BMO Capital Markets lifted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Finally, Loop Capital lowered their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Louisiana-Pacific currently has a consensus rating of "Hold" and an average price target of $108.63.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.