Louisiana-Pacific Co. (NYSE:LPX) Shares Acquired by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. boosted its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 23.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 835 shares of the building manufacturing company’s stock after purchasing an additional 158 shares during the period. Hanseatic Management Services Inc.’s holdings in Louisiana-Pacific were worth $90,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC acquired a new stake in shares of Louisiana-Pacific during the first quarter valued at about $25,000. Harbor Capital Advisors Inc. acquired a new stake in Louisiana-Pacific during the 3rd quarter valued at approximately $38,000. Whittier Trust Co. purchased a new stake in Louisiana-Pacific during the 1st quarter worth approximately $31,000. V Square Quantitative Management LLC purchased a new position in shares of Louisiana-Pacific during the 3rd quarter valued at approximately $43,000. Finally, Bessemer Group Inc. increased its stake in shares of Louisiana-Pacific by 258.5% in the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after buying an additional 318 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LPX. BMO Capital Markets lowered shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a report on Thursday, August 8th. DA Davidson lifted their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group upped their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday. TD Securities boosted their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Bank of America lifted their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $101.78.

Louisiana-Pacific Trading Down 0.3 %

Shares of NYSE:LPX opened at $108.14 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 4.63 and a beta of 1.88. Louisiana-Pacific Co. has a 1-year low of $57.13 and a 1-year high of $113.04. The company has a 50 day moving average price of $101.89 and a 200 day moving average price of $92.98.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. During the same period in the previous year, the firm earned $0.55 earnings per share. Louisiana-Pacific’s revenue for the quarter was up 33.2% compared to the same quarter last year. On average, research analysts anticipate that Louisiana-Pacific Co. will post 5.12 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is presently 16.91%.

Insiders Place Their Bets

In related news, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the transaction, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the sale, the director now owns 29,008 shares in the company, valued at $2,787,668.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,900 shares of company stock worth $3,368,774 over the last ninety days. 1.53% of the stock is currently owned by company insiders.

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.