Inceptionr LLC Boosts Position in Louisiana-Pacific Corporation $LPX

Inceptionr LLC raised its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 58.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,064 shares of the building manufacturing company’s stock after buying an additional 4,091 shares during the period. Inceptionr LLC’s holdings in Louisiana-Pacific were worth $951,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Chung Wu Investment Group LLC purchased a new position in shares of Louisiana-Pacific in the 2nd quarter valued at $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Louisiana-Pacific during the 2nd quarter worth $34,000. RMG Wealth Management LLC acquired a new stake in Louisiana-Pacific in the 2nd quarter valued at $44,000. Beacon Capital Management LLC increased its holdings in Louisiana-Pacific by 570.6% in the 2nd quarter. Beacon Capital Management LLC now owns 684 shares of the building manufacturing company’s stock valued at $59,000 after purchasing an additional 582 shares in the last quarter. Finally, Wedmont Private Capital purchased a new position in Louisiana-Pacific in the second quarter valued at about $205,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LPX has been the subject of several analyst reports. TD Securities decreased their target price on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, November 6th. Royal Bank Of Canada reduced their price target on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. Finally, Vertical Research started coverage on shares of Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $106.33.

Insider Transactions at Louisiana-Pacific

In related news, Director Stephen E. Macadam acquired 3,200 shares of Louisiana-Pacific stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $78.06 per share, for a total transaction of $249,792.00. Following the purchase, the director directly owned 41,149 shares of the company’s stock, valued at $3,212,090.94. The trade was a 8.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.42% of the stock is owned by corporate insiders.

Louisiana-Pacific Trading Up 0.3%

Shares of LPX opened at $81.61 on Thursday. Louisiana-Pacific Corporation has a one year low of $73.42 and a one year high of $121.61. The stock has a 50-day moving average price of $85.30 and a 200 day moving average price of $89.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84. The company has a market capitalization of $5.68 billion, a P/E ratio of 19.25 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The business had revenue of $663.00 million for the quarter, compared to analysts’ expectations of $670.26 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. Louisiana-Pacific’s revenue for the quarter was down 8.2% compared to the same quarter last year. Sell-side analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.4%. Louisiana-Pacific’s dividend payout ratio is currently 36.25%.

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.