Emerald Mutual Fund Advisers Trust Has $24.79 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Emerald Mutual Fund Advisers Trust lifted its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 0.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,642 shares of the building manufacturing company’s stock after acquiring an additional 1,654 shares during the period. Louisiana-Pacific makes up approximately 1.3% of Emerald Mutual Fund Advisers Trust’s investment portfolio, making the stock its 22nd largest position. Emerald Mutual Fund Advisers Trust’s holdings in Louisiana-Pacific were worth $24,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. CWM LLC lifted its position in Louisiana-Pacific by 4.3% during the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock worth $255,000 after purchasing an additional 97 shares during the period. Gateway Investment Advisers LLC lifted its position in Louisiana-Pacific by 4.0% during the third quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock worth $280,000 after purchasing an additional 99 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Louisiana-Pacific by 1.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock worth $1,237,000 after purchasing an additional 167 shares during the period. GAMMA Investing LLC lifted its position in Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after purchasing an additional 177 shares during the period. Finally, Retirement Systems of Alabama lifted its position in Louisiana-Pacific by 0.3% during the first quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock worth $6,763,000 after purchasing an additional 220 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LPX shares. BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a research report on Thursday, August 8th. Bank of America increased their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. The Goldman Sachs Group increased their target price on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a report on Thursday, August 8th. Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $93.56.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific 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 transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Louisiana-Pacific 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 transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 35,900 shares of company stock valued at $3,368,774. 1.26% of the stock is currently owned by company insiders.

Louisiana-Pacific Stock Up 1.6 %

Shares of NYSE LPX opened at $100.49 on Friday. The company has a 50 day simple moving average of $101.36 and a 200 day simple moving average of $92.27. The firm has a market cap of $7.06 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 4.53 and a beta of 1.88. Louisiana-Pacific Co. has a 1 year low of $55.06 and a 1 year high of $109.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. The business had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, research analysts forecast that Louisiana-Pacific Co. will post 5.12 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is presently 16.91%.

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.