International Assets Investment Management LLC Acquires New Stake in Louisiana-Pacific Co. (NYSE:LPX)

International Assets Investment Management LLC purchased a new stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,064 shares of the building manufacturing company's stock, valued at approximately $4,254,000. International Assets Investment Management LLC owned approximately 0.08% of Louisiana-Pacific as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of LPX. Invesco Ltd. boosted its stake in Louisiana-Pacific by 57.8% in the 3rd quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company's stock worth $44,026,000 after purchasing an additional 291,833 shares during the period. Tudor Investment Corp Et Al acquired a new stake in Louisiana-Pacific during the 3rd quarter worth about $10,148,000. Assenagon Asset Management S.A. increased its holdings in shares of Louisiana-Pacific by 493.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 171,838 shares of the building manufacturing company's stock valued at $9,497,000 after purchasing an additional 142,868 shares during the period. KLCM Advisors Inc. purchased a new stake in shares of Louisiana-Pacific in the third quarter worth approximately $7,326,000. Finally, Qube Research & Technologies Ltd purchased a new position in Louisiana-Pacific during the third quarter valued at approximately $6,568,000. 94.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on LPX shares. Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday. TD Cowen reaffirmed a "hold" rating and issued a $75.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, January 11th. BMO Capital Markets increased their target price on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the stock an "outperform" rating in a research report on Thursday. TD Securities increased their price objective on Louisiana-Pacific from $87.00 to $90.00 and gave the company a "hold" rating in a report on Thursday. Finally, TheStreet lowered Louisiana-Pacific from a "b-" rating to a "c+" rating in a report on Thursday, February 29th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $83.89.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the sale, the director now directly owns 25,995 shares of the company's stock, valued at $2,016,692.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.53% of the company's stock.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX traded down $1.18 during trading on Thursday, reaching $86.96. The stock had a trading volume of 2,509,718 shares, compared to its average volume of 931,555. The stock has a market capitalization of $6.29 billion, a PE ratio of 35.10 and a beta of 1.87. Louisiana-Pacific Co. has a 52 week low of $49.47 and a 52 week high of $88.40. The business's 50-day moving average price is $77.41 and its 200 day moving average price is $69.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business had revenue of $724.00 million during the quarter, compared to analysts' expectations of $686.84 million. During the same period in the previous year, the business posted $0.34 earnings per share. The firm's revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, equities analysts predict that Louisiana-Pacific Co. will post 4.89 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, May 21st. Louisiana-Pacific's dividend payout ratio is 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.