Raymond James Trust N.A. Makes New Investment in Louisiana-Pacific Co. (NYSE:LPX)

Raymond James Trust N.A. bought a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,907 shares of the building manufacturing company’s stock, valued at approximately $206,000.

A number of other institutional investors also recently bought and sold shares of LPX. Zions Bancorporation N.A. acquired a new stake in shares of Louisiana-Pacific during the first quarter valued at about $25,000. Larson Financial Group LLC acquired a new position in shares of Louisiana-Pacific in the third quarter valued at approximately $37,000. Atlas Capital Advisors LLC acquired a new position in shares of Louisiana-Pacific in the second quarter valued at approximately $42,000. Osterweis Capital Management Inc. acquired a new position in shares of Louisiana-Pacific in the second quarter valued at approximately $45,000. Finally, State of Wyoming acquired a new position in shares of Louisiana-Pacific in the fourth quarter valued at approximately $49,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Up 1.5 %

Shares of NYSE:LPX opened at $83.56 on Thursday. The company has a market capitalization of $6.04 billion, a PE ratio of 34.11 and a beta of 1.83. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. Louisiana-Pacific Co. has a twelve month low of $49.47 and a twelve month high of $84.54. The firm has a 50 day simple moving average of $72.29 and a 200-day simple moving average of $64.77.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The firm had revenue of $658.00 million during the quarter, compared to the consensus estimate of $618.60 million. During the same quarter in the prior year, the firm earned $0.61 EPS. Louisiana-Pacific’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, equities analysts predict that Louisiana-Pacific Co. will post 3.85 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a $0.26 dividend. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.04 annualized dividend and a yield of 1.24%. Louisiana-Pacific’s dividend payout ratio is 42.45%.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the sale, the director now owns 25,995 shares in the company, valued at approximately $2,016,692.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LPX has been the subject of a number of research reports. TD Cowen restated a “hold” rating and issued a $75.00 price objective on shares of Louisiana-Pacific in a report on Thursday, January 11th. Truist Financial boosted their price target on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. The Goldman Sachs Group boosted their price target on shares of Louisiana-Pacific from $57.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, December 14th. DA Davidson reiterated a “buy” rating and set a $76.00 price target on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Finally, TheStreet cut shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus target price of $73.71.

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.