During the third quarter of 2018, according to the most recent disclosure that the company has made with the Securities and Exchange Commission, Ergoteles LLC added to its shares of Louisiana-Pacific Co (NYSE: LPX).
The investment fund shelled out $2,448,000 to purchase 47,829 equity shares in a company that specializes in producing building materials.
After the most recent reporting period, Ergoteles LLC owned approximately 0.07% of Louisiana-stock Pacific’s total shares.
Recent transactions have caused adjustments to the proportion of the company’s stock that hedge funds and other institutional investors hold.
These investors include pension funds, endowments, and foundations.
During the first three months of the fiscal year, Zions Bancorporation National Association made an investment in Louisiana-Pacific totaling approximately $25,000.
During the second quarter, Louisiana-Pacific was the lucky recipient of a financial contribution from Atlas Capital Advisors LLC for $42,000. CNB Bank contributed approximately $66,000 during the second quarter toward an increase in the percentage of ownership it holds in Louisiana-Pacific.
The $85,000 was invested in Louisiana-Pacific by Wipfli Financial Advisors LLC as part of a new purchase during the third quarter.
This transaction took place.
During the first three months of this year, Covestor Ltd surpassed its competitors by increasing the amount of Louisiana-Pacific stock owned by 35.2%. Covestor Ltd has increased the total number of shares it owns in the building manufacturing company by purchasing an additional 448 since the beginning of the most recent quarter, bringing the total number of shares it owns to 1,720, with a value of $107,000.
Most of the company’s stock is owned by institutional investors and hedge funds, which account for 99.23% of the total.
LPX has been in touch with various brokerage firms to discuss potential partnerships.
Louisiana-price TD Securities lowered their price target for Pacific from $72.00 to $65.00 in a report released on Wednesday.
In addition, the brokerage firm that was consulted advised its clients to “hold” their company shares.
DA Davidson lowered its recommendation for Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report published on Thursday, January 12.
In addition, they lowered their target price for the stock from $69.00 to $63.000.
Both of these changes were included in the same report.
Although six financial analysts have suggested that you maintain the stock in your portfolio, one has suggested that you sell the stock.
The current consensus price objective for Louisiana-Pacific shares is $61.20, and the average analyst rating for the company’s stock is “Hold,” according to data compiled by Bloomberg.
Lizanne C. Gottung, a director at the company, sold 3,587 shares of the company’s stock on December 15. Other recent events that have taken place include The total amount obtained from the sale of the shares was $224,259, which is equivalent to a price of $62.52 per share on average.
The director now directly owns 27,470 company shares, which have a combined value of $1,717,424.40 as a direct consequence of the sale.
If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. Company insiders own the company’s equity to 1.26%.
Trading of Louisiana-stock Pacific shares began on Thursday for $57.86 per share.
The stock’s price has been trading at a moving average of $63.63 over the past 50 trading days, while the price has been trading at $59.42 over the last 200 trading days.
There is a ratio of 0.24 debt to equity, a ratio of 1.54 quick ratio to current ratio, a ratio of 2.54 current ratio to quick ratio, and so on.
In addition to having a price-to-earnings ratio of 4.36 and a beta value of 1.62, the company is currently valued at $4.15 billion.
The lowest price that Louisiana-Pacific Co has been at over the past 52 weeks is $48.20, and the highest price that the company has been at over the past 52 weeks is $78.09.
On February 21, the most recent quarterly earnings report made public for Louisiana-Pacific (NYSE: LPX) was made available to the public.
The actual earnings per share achieved for the quarter were $0.61, $0.03 higher than the consensus estimate of $0.58.
These findings were reported by the business that manufactures building materials. When compared to the forecasted revenue of $695.37 million that the company was expected to bring in during the quarter, the actual revenue that the company brought in was $705.00 million.
The return on equity for Louisiana-Pacific was 64.50 percent, and the company’s net margin was 26.99 percent.
A 15.6% drop in revenue was experienced by Louisiana-Quadrant Pacific when compared to the previous fiscal year.
The company generated earnings of $2.24 per share during the same period the year before.
In the current fiscal year, sell-side analysts anticipate that Louisiana-Pacific Company will achieve profits per share of $4.09.
In addition, the company declared that it would distribute its quarterly dividend the day after its announcement, which was March 31. On the record date of Friday, March 10, shareholders who are recorded as having ownership of the company’s shares will be eligible to receive a dividend payment of $0.24 per share.
The previous quarterly dividend that Louisiana-Pacific paid out, which was $0.22, has been raised to the new amount.
This results in a yield of 1.66% and a dividend payment of $0.96 per share annually.
This Thursday, March 9, marks the last day dividends will be distributed to shareholders.
The Louisiana-current Pacific company has settled on a dividend payout ratio (DPR) of 6.63% at this time.