Bayesian Capital Management LP Acquires 900 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Bayesian Capital Management LP boosted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 22.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,000 shares of the building manufacturing company’s stock after purchasing an additional 900 shares during the quarter. Bayesian Capital Management LP’s holdings in Louisiana-Pacific were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Retirement Systems of Alabama raised its holdings in Louisiana-Pacific by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock valued at $6,763,000 after acquiring an additional 220 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Louisiana-Pacific by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 28,499 shares of the building manufacturing company’s stock valued at $2,019,000 after acquiring an additional 280 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Louisiana-Pacific by 0.5% in the 1st quarter. BNP Paribas Financial Markets now owns 59,907 shares of the building manufacturing company’s stock valued at $5,027,000 after acquiring an additional 285 shares in the last quarter. LifeSteps Financial Inc. acquired a new position in Louisiana-Pacific in the 1st quarter valued at approximately $25,000. Finally, Fidelis Capital Partners LLC acquired a new position in Louisiana-Pacific in the 1st quarter valued at approximately $25,000. Institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LPX shares. Royal Bank of Canada upped their price target 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 cut Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. Loop Capital initiated coverage on Louisiana-Pacific in a report on Friday, May 3rd. They issued a “hold” rating and a $82.00 target price for the company. TD Securities increased their target price on Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, May 9th. Finally, The Goldman Sachs Group cut Louisiana-Pacific from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $89.00 to $81.00 in a report on Monday, June 17th. One investment 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’s stock. According to data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus target price of $90.50.

Louisiana-Pacific Price Performance

LPX stock traded down $0.45 during midday trading on Wednesday, reaching $98.26. 25,083 shares of the company’s stock traded hands, compared to its average volume of 928,948. The company has a 50-day simple moving average of $88.32 and a two-hundred day simple moving average of $79.76. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $99.57. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 13.97 and a beta of 1.89. The company has a quick ratio of 1.75, a current ratio of 3.32 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The firm had revenue of $724.00 million during the quarter, compared to analysts’ expectations of $686.84 million. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was up 24.0% on a year-over-year basis. On average, analysts anticipate that Louisiana-Pacific Co. will post 5.23 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.04 dividend on an annualized basis and a yield of 1.06%. Louisiana-Pacific’s dividend payout ratio is 28.57%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the stock in a transaction 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 transaction, the director now directly owns 23,501 shares in the company, valued at approximately $2,095,819.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.26% of the company’s stock.

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.