Foresters Investment Management Company Inc. Boosts Holdings in Louisiana-Pacific Co. (LPX)

Foresters Investment Management Company Inc. raised its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 277,050 shares of the construction company’s stock after purchasing an additional 14,150 shares during the period. Foresters Investment Management Company Inc. owned 0.20% of Louisiana-Pacific worth $6,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LPX. Lavaca Capital LLC purchased a new position in Louisiana-Pacific during the 4th quarter valued at about $29,000. Oregon Public Employees Retirement Fund increased its position in Louisiana-Pacific by 2,122.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,268,318 shares of the construction company’s stock valued at $57,000 after purchasing an additional 1,211,238 shares during the period. Toronto Dominion Bank increased its position in Louisiana-Pacific by 28.5% during the 4th quarter. Toronto Dominion Bank now owns 2,570 shares of the construction company’s stock valued at $57,000 after purchasing an additional 570 shares during the period. Jane Street Group LLC purchased a new position in Louisiana-Pacific during the 3rd quarter valued at about $202,000. Finally, Lido Advisors LLC purchased a new position in Louisiana-Pacific during the 3rd quarter valued at about $205,000. 91.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Louisiana-Pacific stock opened at $24.45 on Friday. The company has a current ratio of 4.92, a quick ratio of 3.88 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Co. has a 52-week low of $20.39 and a 52-week high of $32.16. The company has a market capitalization of $3.39 billion, a PE ratio of 8.92, a PEG ratio of 2.88 and a beta of 1.39.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, February 13th. The construction company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.07). Louisiana-Pacific had a return on equity of 22.87% and a net margin of 13.95%. The firm had revenue of $589.00 million during the quarter, compared to analysts’ expectations of $606.88 million. During the same period in the previous year, the firm earned $0.73 EPS. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. On average, equities research analysts expect that Louisiana-Pacific Co. will post 1.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 26th were given a $0.135 dividend. The ex-dividend date of this dividend was Monday, February 25th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.21%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.13. Louisiana-Pacific’s payout ratio is presently 19.71%.

LPX has been the topic of a number of research reports. Bank of America downgraded shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and cut their target price for the company from $29.00 to $24.00 in a research report on Wednesday, January 2nd. TD Securities raised their target price on shares of Louisiana-Pacific from $25.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, February 14th. Finally, Zacks Investment Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $29.67.

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Louisiana-Pacific Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

Further Reading: Trading Ex-Dividend

Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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