Guggenheim Capital LLC raised its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 250.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 774,053 shares of the construction company’s stock after buying an additional 553,288 shares during the quarter. Guggenheim Capital LLC owned about 0.53% of Louisiana-Pacific worth $20,328,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of LPX. MANA Advisors LLC acquired a new position in shares of Louisiana-Pacific during the 4th quarter worth about $209,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Louisiana-Pacific by 43.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the construction company’s stock worth $215,000 after buying an additional 2,481 shares during the period. Moors & Cabot Inc. acquired a new position in shares of Louisiana-Pacific during the 4th quarter worth about $225,000. Oppenheimer & Co. Inc. acquired a new position in shares of Louisiana-Pacific during the 3rd quarter worth about $255,000. Finally, Macquarie Group Ltd. bought a new position in shares of Louisiana-Pacific during the 3rd quarter valued at about $265,000. Institutional investors own 94.60% of the company’s stock.
In other news, EVP Neil Sherman sold 18,885 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $30.04, for a total transaction of $567,305.40. Following the sale, the executive vice president now owns 62,770 shares in the company, valued at approximately $1,885,610.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gary Cook sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $28.58, for a total value of $142,900.00. Following the sale, the director now owns 50,026 shares in the company, valued at approximately $1,429,743.08. The disclosure for this sale can be found here. Insiders own 1.48% of the company’s stock.
Shares of LPX stock opened at $28.85 on Wednesday. The company has a market capitalization of $4,209.34, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.03 and a quick ratio of 4.07. Louisiana-Pacific Co. has a 12 month low of $22.07 and a 12 month high of $31.07.
Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, February 13th. The construction company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.15. The firm had revenue of $710.60 million for the quarter, compared to analysts’ expectations of $654.26 million. Louisiana-Pacific had a return on equity of 24.05% and a net margin of 14.26%. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. equities research analysts expect that Louisiana-Pacific Co. will post 2.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Friday, February 23rd. Louisiana-Pacific’s payout ratio is 19.48%.
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Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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