Capital Advisory Group Advisory Services LLC Grows Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Capital Advisory Group Advisory Services LLC lifted its position in Louisiana-Pacific Co. (NYSE:LPX) by 15.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,370 shares of the building manufacturing company’s stock after purchasing an additional 312 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Louisiana-Pacific were worth $245,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LPX. UMB Bank n.a. raised its position in Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Louisiana-Pacific during the 4th quarter valued at $35,000. Versant Capital Management Inc grew its holdings in Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Louisiana-Pacific in the third quarter valued at about $38,000. Finally, Covestor Ltd raised its stake in shares of Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

LPX has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday. Truist Financial upped their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. BMO Capital Markets lifted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday. DA Davidson lowered their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday. Finally, The Goldman Sachs Group boosted their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $108.00.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s 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 sale, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $100.98 on Friday. Louisiana-Pacific Co. has a 1 year low of $66.77 and a 1 year high of $122.87. The firm’s 50-day moving average is $110.52 and its 200 day moving average is $106.44. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.23 and a beta of 1.95. 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 (NYSE:LPX) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to the consensus estimate 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 posted $0.71 earnings per share. Sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.37 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a $0.28 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.11%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.69%.

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.