Russell Investments Group Ltd. Purchases 37,193 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Russell Investments Group Ltd. increased its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,684 shares of the building manufacturing company's stock after acquiring an additional 37,193 shares during the quarter. Russell Investments Group Ltd. owned about 0.29% of Louisiana-Pacific worth $14,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capula Management Ltd bought a new position in shares of Louisiana-Pacific in the third quarter worth about $485,000. Arlington Trust Co LLC purchased a new position in Louisiana-Pacific during the fourth quarter worth $1,062,000. First Eagle Investment Management LLC grew its holdings in Louisiana-Pacific by 35.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 195,718 shares of the building manufacturing company's stock valued at $10,817,000 after purchasing an additional 51,461 shares during the last quarter. Caxton Associates LP raised its holdings in shares of Louisiana-Pacific by 222.1% in the third quarter. Caxton Associates LP now owns 14,656 shares of the building manufacturing company's stock worth $810,000 after buying an additional 10,106 shares during the period. Finally, Teza Capital Management LLC bought a new stake in shares of Louisiana-Pacific during the third quarter worth $288,000. Institutional investors own 94.73% of the company's stock.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the transaction, the director now directly owns 25,995 shares in the company, valued at approximately $2,016,692.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LPX has been the subject of a number of recent research reports. Loop Capital assumed coverage on shares of Louisiana-Pacific in a report on Friday. They issued a "hold" rating and a $82.00 target price for the company. DA Davidson reaffirmed a "buy" rating and issued a $76.00 price target on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Royal Bank of Canada increased their price objective on Louisiana-Pacific from $80.00 to $82.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. TD Securities boosted their target price on Louisiana-Pacific from $75.00 to $77.00 and gave the stock a "hold" rating in a research note on Thursday, February 15th. Finally, TheStreet cut Louisiana-Pacific from a "b-" rating to a "c+" rating in a research note on Thursday, February 29th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $74.75.

Louisiana-Pacific Trading Up 0.6 %

Shares of NYSE:LPX traded up $0.45 during trading on Friday, reaching $74.30. The stock had a trading volume of 703,563 shares, compared to its average volume of 859,695. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.37 billion, a P/E ratio of 30.33 and a beta of 1.87. The business has a fifty day moving average price of $77.05 and a 200-day moving average price of $68.76. Louisiana-Pacific Co. has a fifty-two week low of $49.47 and a fifty-two week high of $84.54.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.17. The business had revenue of $658.00 million for the quarter, compared to analysts' expectations of $618.60 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The company's quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. As a group, analysts anticipate that Louisiana-Pacific Co. will post 4.89 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.40%. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.24. Louisiana-Pacific's payout ratio is currently 42.45%.

Louisiana-Pacific Company 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.