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

RWA Wealth Partners LLC purchased a new stake in Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 3,600 shares of the building manufacturing company’s stock, valued at approximately $255,000.

Several other large investors have also added to or reduced their stakes in LPX. Larson Financial Group LLC bought a new position in shares of Louisiana-Pacific during the 3rd quarter worth approximately $37,000. Signaturefd LLC lifted its position in shares of Louisiana-Pacific by 232.9% during the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock worth $56,000 after buying an additional 552 shares in the last quarter. Simplicity Solutions LLC bought a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $204,000. Raymond James Trust N.A. bought a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $206,000. Finally, Strategic Investment Advisors MI bought a new position in shares of Louisiana-Pacific during the 3rd quarter worth approximately $224,000. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Down 0.4 %

LPX opened at $74.53 on Friday. The company has a fifty day moving average price of $76.50 and a 200-day moving average price of $67.80. The firm has a market capitalization of $5.39 billion, a P/E ratio of 30.42 and a beta of 1.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. Louisiana-Pacific Co. has a one year low of $49.47 and a one year high of $84.54.

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 analysts’ consensus estimates 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 business earned $0.61 EPS. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. Equities research analysts expect that Louisiana-Pacific Co. will post 4.47 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LPX shares. TheStreet lowered shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. TD Securities raised their price target on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, February 15th. TD Cowen restated a “hold” rating and set a $75.00 price target on shares of Louisiana-Pacific in a research note on Thursday, January 11th. Finally, Truist Financial lifted their price objective on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $73.71.

Insider Transactions at Louisiana-Pacific

In other 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 transaction of $193,950.00. Following the completion of the sale, the director now directly owns 25,995 shares of the company’s stock, valued at approximately $2,016,692.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is currently owned by insiders.

Louisiana-Pacific 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.