Wilson Asset Management International PTY Ltd. Makes New $2.50 Million Investment in Louisiana-Pacific Corporation $LPX

Key Points

• Wilson Asset Management International initiated a new stake in Louisiana‑Pacific in Q4, buying 30,907 shares worth roughly $2.50 million.
• LPX beat quarterly estimates, reporting $0.38 EPS versus $0.14 expected and $574.0M revenue, and announced a $0.30 quarterly dividend (annualized yield ~1.7%).
• Institutional ownership is very high at ~94.73%, and analysts have a consensus "Hold" rating with a $101.57 price target amid mixed broker opinions.

Wilson Asset Management International PTY Ltd. acquired a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,907 shares of the building manufacturing company's stock, valued at approximately $2,496,000.

Several other hedge funds have also recently bought and sold shares of the stock. North Ridge Wealth Advisors Inc. acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at $26,000. Versant Capital Management Inc increased its stake in shares of Louisiana-Pacific by 34.3% in the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company's stock valued at $44,000 after buying an additional 127 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Louisiana-Pacific by 291.2% in the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company's stock valued at $48,000 after buying an additional 399 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Louisiana-Pacific in the third quarter valued at $80,000. Finally, State of Wyoming acquired a new stake in shares of Louisiana-Pacific in the third quarter valued at $82,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $69.71 on Wednesday. The business's 50-day simple moving average is $75.52 and its 200 day simple moving average is $82.22. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 1.06 and a beta of 1.60. Louisiana-Pacific Corporation has a 12-month low of $68.63 and a 12-month high of $102.86. The company has a quick ratio of 1.53, a current ratio of 2.78 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.24. The business had revenue of $574.00 million for the quarter, compared to analysts' expectations of $569.99 million. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%. As a group, research analysts anticipate that Louisiana-Pacific Corporation will post 2.7 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 14th. This represents a $1.20 annualized dividend and a yield of 1.7%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 53.59%.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne M. Bruce sold 1,300 shares of the firm's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total value of $102,167.00. Following the transaction, the director owned 17,160 shares in the company, valued at $1,348,604.40. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director F Nicholas Grasberger III purchased 20,000 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average price of $85.49 per share, for a total transaction of $1,709,800.00. Following the acquisition, the director owned 38,954 shares of the company's stock, valued at $3,330,177.46. The trade was a 105.52% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.65% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LPX. Weiss Ratings lowered Louisiana-Pacific from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, April 21st. Truist Financial raised their target price on Louisiana-Pacific from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Barclays lowered their target price on Louisiana-Pacific from $104.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. Oppenheimer restated an "outperform" rating on shares of Louisiana-Pacific in a research note on Tuesday, March 3rd. Finally, DA Davidson restated a "buy" rating and issued a $114.00 target price on shares of Louisiana-Pacific in a research note on Tuesday. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Louisiana-Pacific has a consensus rating of "Hold" and a consensus price target of $101.57.

About Louisiana-Pacific

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.

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