Hanseatic Management Services Inc. Buys 158 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Hanseatic Management Services Inc. lifted its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 23.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 835 shares of the building manufacturing company’s stock after acquiring an additional 158 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Louisiana-Pacific were worth $90,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new position in shares of Louisiana-Pacific in the first quarter valued at approximately $25,000. Harbor Capital Advisors Inc. bought a new position in Louisiana-Pacific in the 3rd quarter worth $38,000. Whittier Trust Co. acquired a new position in Louisiana-Pacific during the 1st quarter worth $31,000. V Square Quantitative Management LLC bought a new stake in Louisiana-Pacific during the third quarter valued at about $43,000. Finally, Bessemer Group Inc. grew its position 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 valued at $37,000 after purchasing an additional 318 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $108.14 on Thursday. The business’s fifty day moving average is $101.89 and its two-hundred day moving average is $92.98. 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 firm has a market cap of $7.60 billion, a P/E ratio of 17.58, a P/E/G ratio of 4.63 and a beta of 1.88. Louisiana-Pacific Co. has a 52 week low of $57.13 and a 52 week high of $113.04.

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

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 16.91%.

Analyst Ratings Changes

LPX has been the topic of several recent analyst reports. BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research report on Thursday, August 8th. Bank of America increased their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. The Goldman Sachs Group boosted their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday. StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Finally, DA Davidson boosted their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $101.78.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the transaction, the director now owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the transaction, the director now owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,900 shares of company stock valued at $3,368,774 over the last 90 days. 1.53% of the stock is 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.