Louisiana-Pacific Co. (NYSE:LPX) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. increased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 56.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,219 shares of the building manufacturing company's stock after buying an additional 9,495 shares during the period. Natixis Advisors L.P.'s holdings in Louisiana-Pacific were worth $1,857,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in LPX. Larson Financial Group LLC acquired a new stake in shares of Louisiana-Pacific in the 3rd quarter valued at $37,000. Signaturefd LLC boosted its position in shares of Louisiana-Pacific by 232.9% during the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company's stock worth $56,000 after acquiring an additional 552 shares in the last quarter. Simplicity Solutions LLC purchased a new position in shares of Louisiana-Pacific in the 4th quarter valued at about $204,000. Raymond James Trust N.A. acquired a new stake in shares of Louisiana-Pacific during the 4th quarter worth about $206,000. Finally, Choreo LLC purchased a new stake in Louisiana-Pacific during the fourth quarter worth approximately $248,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Up 2.7 %

LPX stock traded up $2.40 during trading on Wednesday, reaching $92.05. The stock had a trading volume of 1,955,377 shares, compared to its average volume of 946,727. The company has a current ratio of 3.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $78.79 and a 200 day moving average price of $70.57. The company has a market capitalization of $6.60 billion, a P/E ratio of 25.29 and a beta of 1.87. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $92.37.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The business had revenue of $724.00 million for the quarter, compared to analysts' expectations of $686.84 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company's revenue was up 24.0% compared to the same quarter last year. On average, equities analysts anticipate that Louisiana-Pacific Co. will post 5.79 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be paid a $0.26 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.13%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 28.57%.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company'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 transaction of $193,950.00. Following 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 SEC, which is accessible through this hyperlink. Insiders own 1.53% of the company's stock.

Analyst Upgrades and Downgrades

LPX has been the subject of several research analyst reports. DA Davidson upped their price objective on shares of Louisiana-Pacific from $90.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. Seaport Res Ptn downgraded shares of Louisiana-Pacific from a "buy" rating to a "neutral" rating in a report on Thursday, May 9th. Loop Capital began coverage on Louisiana-Pacific in a report on Friday, May 3rd. They issued a "hold" rating and a $82.00 target price on the stock. BMO Capital Markets raised their price objective on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the stock an "outperform" rating in a research note on Thursday, May 9th. Finally, TD Securities upped their target price on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a "hold" rating in a report on Thursday, May 9th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $83.89.

Louisiana-Pacific 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.