Luken Investment Analytics LLC Takes Position in Louisiana-Pacific Corporation (NYSE:LPX)

Luken Investment Analytics LLC acquired a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,800 shares of the building manufacturing company's stock, valued at approximately $1,821,000. Louisiana-Pacific makes up about 0.9% of Luken Investment Analytics LLC's investment portfolio, making the stock its 18th largest position.

Several other large investors have also added to or reduced their stakes in the stock. UMB Bank n.a. lifted its holdings in shares of Louisiana-Pacific by 76.1% in the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after buying an additional 242 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Louisiana-Pacific by 56.2% during the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock worth $75,000 after acquiring an additional 259 shares during the period. Fifth Third Bancorp lifted its stake in Louisiana-Pacific by 41.5% in the 1st quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock worth $96,000 after purchasing an additional 305 shares in the last quarter. GeoWealth Management LLC boosted its holdings in Louisiana-Pacific by 1,184.9% in the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after purchasing an additional 865 shares during the period. Finally, Covestor Ltd boosted its holdings in Louisiana-Pacific by 142.6% in the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock valued at $108,000 after purchasing an additional 613 shares during the period. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX opened at $86.51 on Thursday. The stock's 50-day moving average is $89.25 and its 200 day moving average is $99.21. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 1.27 and a beta of 1.89. Louisiana-Pacific Corporation has a 1-year low of $78.82 and a 1-year high of $122.87. The company has a current ratio of 3.03, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. The business had revenue of $724.00 million for the quarter, compared to analysts' expectations of $711.66 million. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The business's quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $1.53 earnings per share. On average, sell-side analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, May 20th. Louisiana-Pacific's payout ratio is presently 19.65%.

Analysts Set New Price Targets

LPX has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Loop Capital upgraded 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. Royal Bank Of Canada raised their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. DA Davidson dropped 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. Finally, TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $107.38.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 1,179 shares of Louisiana-Pacific stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the transaction, the director now owns 18,838 shares in the company, valued at approximately $1,686,377.76. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.42% of the stock is currently owned by insiders.

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.

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