Bank of New York Mellon Corp Has $63.55 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Bank of New York Mellon Corp lifted its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 613,752 shares of the building manufacturing company’s stock after buying an additional 19,772 shares during the period. Bank of New York Mellon Corp owned about 0.87% of Louisiana-Pacific worth $63,554,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Louisiana-Pacific by 36.7% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,045 shares of the building manufacturing company’s stock worth $2,261,000 after buying an additional 5,645 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Louisiana-Pacific by 269.7% in the fourth quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company’s stock worth $4,318,000 after purchasing an additional 30,418 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Louisiana-Pacific by 238.1% in the third quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock worth $2,136,000 after purchasing an additional 14,001 shares during the last quarter. Symphony Financial Ltd. Co. bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth $259,000. Finally, Ritholtz Wealth Management grew its stake in shares of Louisiana-Pacific by 65.0% in the fourth quarter. Ritholtz Wealth Management now owns 7,381 shares of the building manufacturing company’s stock worth $764,000 after purchasing an additional 2,907 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

LPX stock opened at $95.17 on Wednesday. The stock has a market capitalization of $6.63 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.24 and a beta of 1.95. The company’s 50-day moving average is $109.36 and its 200-day moving average is $106.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific Co. has a 1 year low of $71.39 and a 1 year high of $122.87.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. The company had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. Equities research analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, February 27th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio is 19.05%.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. TD Securities reduced their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. DA Davidson reduced their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $111.50.

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.