BNP Paribas Financial Markets Has $5.03 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

BNP Paribas Financial Markets boosted its stake in Louisiana-Pacific Co. (NYSE:LPX) by 0.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 59,907 shares of the building manufacturing company’s stock after buying an additional 285 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Louisiana-Pacific worth $5,027,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LPX. Neo Ivy Capital Management bought a new position in shares of Louisiana-Pacific during the third quarter worth approximately $292,000. Teachers Retirement System of The State of Kentucky grew its holdings in Louisiana-Pacific by 29.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 51,629 shares of the building manufacturing company’s stock valued at $2,853,000 after buying an additional 11,891 shares in the last quarter. Raymond James Trust N.A. bought a new position in Louisiana-Pacific during the 4th quarter worth $206,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Louisiana-Pacific during the fourth quarter worth $281,000. Finally, Vest Financial LLC boosted its position in shares of Louisiana-Pacific by 26.2% in the fourth quarter. Vest Financial LLC now owns 198,516 shares of the building manufacturing company’s stock valued at $14,061,000 after acquiring an additional 41,169 shares during the period. 94.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on LPX shares. Loop Capital initiated coverage on shares of Louisiana-Pacific in a research note on Friday, May 3rd. They issued a “hold” rating and a $82.00 price objective for the company. The Goldman Sachs Group cut Louisiana-Pacific from a “neutral” rating to a “sell” rating and cut their price target for the company from $89.00 to $81.00 in a research note on Monday, June 17th. Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $88.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Seaport Res Ptn lowered Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. Finally, StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $90.50.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $89.18, for a total value of $320,245.38. Following the completion of the transaction, the director now owns 23,501 shares of the company’s stock, valued at $2,095,819.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Up 4.1 %

LPX stock opened at $84.16 on Friday. The firm has a 50-day moving average price of $86.93 and a 200-day moving average price of $77.84. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $95.70. The company has a current ratio of 3.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6.03 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 10.50 and a beta of 1.89.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.13 by $0.40. The business had revenue of $724.00 million during the quarter, compared to the consensus estimate of $686.84 million. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, equities research analysts anticipate that Louisiana-Pacific Co. will post 5.79 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.04 dividend on an annualized basis and a yield of 1.24%. Louisiana-Pacific’s payout ratio is presently 28.57%.

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.