Cerity Partners LLC Buys New Stake in Louisiana-Pacific Co. (NYSE:LPX)

Cerity Partners LLC purchased a new position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,135 shares of the building manufacturing company's stock, valued at approximately $2,559,000. Cerity Partners LLC owned approximately 0.05% of Louisiana-Pacific as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Neuberger Berman Group LLC increased its position in Louisiana-Pacific by 0.6% in the fourth quarter. Neuberger Berman Group LLC now owns 32,177 shares of the building manufacturing company's stock worth $1,905,000 after buying an additional 189 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Louisiana-Pacific by 2.5% during the first quarter. Captrust Financial Advisors now owns 9,020 shares of the building manufacturing company's stock worth $560,000 after purchasing an additional 220 shares in the last quarter. IFP Advisors Inc grew its position in shares of Louisiana-Pacific by 7.9% during the second quarter. IFP Advisors Inc now owns 3,469 shares of the building manufacturing company's stock worth $260,000 after purchasing an additional 254 shares in the last quarter. Arizona State Retirement System grew its position in shares of Louisiana-Pacific by 1.4% during the third quarter. Arizona State Retirement System now owns 18,461 shares of the building manufacturing company's stock worth $1,020,000 after purchasing an additional 255 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its position in shares of Louisiana-Pacific by 8.6% during the first quarter. First Republic Investment Management Inc. now owns 3,514 shares of the building manufacturing company's stock worth $218,000 after purchasing an additional 278 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 $0.09 during midday trading on Friday, reaching $72.11. 1,132,829 shares of the stock traded hands, compared to its average volume of 882,292. The stock's fifty day moving average is $76.15 and its 200-day moving average is $67.23. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $84.54. The stock has a market cap of $5.21 billion, a P/E ratio of 29.43 and a beta of 1.84. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.17. The business had revenue of $658.00 million during the quarter, compared to analyst estimates of $618.60 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The company's revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. As a group, equities research analysts anticipate that Louisiana-Pacific Co. will post 4.12 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.44%. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific's dividend payout ratio (DPR) is presently 42.45%.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the sale, the director now directly owns 25,995 shares of the company's stock, valued at approximately $2,016,692.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

LPX has been the subject of several research analyst reports. Royal Bank of Canada increased their target price on Louisiana-Pacific from $80.00 to $82.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. TD Securities increased their target price on Louisiana-Pacific from $75.00 to $77.00 and gave the stock a "hold" rating in a research report on Thursday, February 15th. TD Cowen reiterated a "hold" rating and set a $75.00 target price on shares of Louisiana-Pacific in a research report on Thursday, January 11th. DA Davidson reiterated a "buy" rating and set a $76.00 target price on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. Finally, Truist Financial increased their price target on Louisiana-Pacific from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $73.71.

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.