Headlands Technologies LLC Takes $81,000 Position in Louisiana-Pacific Co. (NYSE:LPX)

Headlands Technologies LLC acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 980 shares of the building manufacturing company’s stock, valued at approximately $81,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LifeSteps Financial Inc. acquired a new position in shares of Louisiana-Pacific during the 1st quarter worth about $25,000. Fidelis Capital Partners LLC bought a new stake in shares of Louisiana-Pacific in the first quarter valued at approximately $25,000. Whittier Trust Co. acquired a new stake in shares of Louisiana-Pacific in the first quarter worth $31,000. Bessemer Group Inc. increased its position in Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after acquiring an additional 318 shares during the period. Finally, GAMMA Investing LLC raised its stake in Louisiana-Pacific by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after purchasing an additional 177 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on LPX shares. DA Davidson boosted their price objective on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 14th. BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a research report on Thursday, August 8th. Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. The Goldman Sachs Group upped their target price on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research note on Thursday, August 8th. Finally, Bank of America lifted their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Louisiana-Pacific currently has an average rating of “Hold” and an average price target of $92.67.

Louisiana-Pacific Stock Up 1.1 %

Shares of NYSE LPX opened at $99.03 on Tuesday. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $101.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The business has a fifty day moving average of $93.46 and a two-hundred day moving average of $86.35. The stock has a market cap of $7.10 billion, a PE ratio of 27.21, a PEG ratio of 0.60 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.23. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. As a group, equities research analysts expect that Louisiana-Pacific Co. will post 5.05 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 28.57%.

Insider Transactions at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the sale, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the transaction, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

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.