GAMMA Investing LLC Increases Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

GAMMA Investing LLC raised its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 9,905.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,431 shares of the building manufacturing company's stock after purchasing an additional 59,827 shares during the period. GAMMA Investing LLC owned 0.09% of Louisiana-Pacific worth $5,558,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in LPX. 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 worth $3,877,000 after purchasing an additional 6,011 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Louisiana-Pacific by 5.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company's stock worth $242,000 after purchasing an additional 124 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Louisiana-Pacific during the 4th quarter worth about $35,000. Choreo LLC grew its position in Louisiana-Pacific by 2.7% during the 4th quarter. Choreo LLC now owns 5,546 shares of the building manufacturing company's stock worth $574,000 after purchasing an additional 148 shares during the period. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Louisiana-Pacific by 857.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 21,099 shares of the building manufacturing company's stock worth $2,185,000 after acquiring an additional 18,896 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. TD Securities lowered their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. DA Davidson lowered their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets increased their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $107.38.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock traded down $2.32 during midday trading on Friday, reaching $88.14. The company had a trading volume of 701,933 shares, compared to its average volume of 697,115. The company has a market capitalization of $6.13 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.24 and a beta of 1.89. Louisiana-Pacific Co. has a 12-month low of $78.82 and a 12-month high of $122.87. The firm's fifty day simple moving average is $89.24 and its 200-day simple moving average is $99.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. The firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. Louisiana-Pacific's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $1.53 EPS. As a group, equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio (DPR) is 19.65%.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 1,179 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the completion of the sale, the director now owns 18,838 shares in the company, valued at $1,686,377.76. This trade represents a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.42% of the company's stock.

Louisiana-Pacific Profile

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.