RWA Wealth Partners LLC Makes New Investment in Louisiana-Pacific Co. (NYSE:LPX)

RWA Wealth Partners LLC bought a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,600 shares of the building manufacturing company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new position in Louisiana-Pacific during the 3rd quarter worth about $37,000. Signaturefd LLC boosted its holdings in shares of Louisiana-Pacific by 232.9% in the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock valued at $56,000 after buying an additional 552 shares in the last quarter. Simplicity Solutions LLC bought a new stake in shares of Louisiana-Pacific in the 4th quarter valued at about $204,000. Raymond James Trust N.A. bought a new stake in shares of Louisiana-Pacific in the 4th quarter valued at about $206,000. Finally, Handelsinvest Investeringsforvaltning bought a new stake in shares of Louisiana-Pacific in the 4th quarter valued at about $281,000. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Performance

LPX opened at $74.53 on Friday. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $84.54. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $5.39 billion, a PE ratio of 30.42 and a beta of 1.84. The firm has a 50 day moving average of $76.50 and a two-hundred day moving average of $67.80.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share 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 analyst estimates of $618.60 million. During the same period in the previous year, the firm earned $0.61 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. On average, analysts anticipate that Louisiana-Pacific Co. will post 4.47 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a $0.26 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.40%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 42.45%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LPX shares. TD Cowen restated a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a report on Thursday, January 11th. TD Securities raised their price target on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, February 15th. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. DA Davidson reiterated a “buy” rating and issued a $76.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. Finally, TheStreet cut shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.71.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific 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 sale, the director now owns 25,995 shares of the company’s stock, valued at approximately $2,016,692.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is owned by corporate 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.