Ashton Thomas Private Wealth LLC Makes New $74,000 Investment in Louisiana-Pacific Co. (NYSE:LPX)

Ashton Thomas Private Wealth LLC bought a new position in Louisiana-Pacific Co. (NYSE:LPX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 894 shares of the building manufacturing company’s stock, valued at approximately $74,000.

Other hedge funds have also added to or reduced their stakes in the company. LifeSteps Financial Inc. bought a new position in Louisiana-Pacific in the 1st quarter worth about $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at about $25,000. Whittier Trust Co. acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at about $31,000. 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 period. Finally, GAMMA Investing LLC grew its position in shares of Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after purchasing an additional 177 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Insider Activity at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the transaction, the chief executive officer now owns 596,886 shares in the company, valued at $55,773,027.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the transaction, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lizanne C. Gottung sold 3,591 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $89.18, for a total transaction of $320,245.38. Following the transaction, the director now owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,991 shares of company stock worth $3,443,269. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of LPX stock opened at $97.92 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The firm’s 50-day moving average is $93.10 and its two-hundred day moving average is $86.00. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $101.89. The company has a market capitalization of $6.88 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 0.60 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. The business had revenue of $814.00 million for 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 business’s revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. Analysts predict that Louisiana-Pacific Co. will post 5.05 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 28.57%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LPX. Bank of America lifted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday. Truist Financial reiterated a “buy” rating and issued a $105.00 target price (up previously from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. DA Davidson raised their price target on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. The Goldman Sachs Group raised their price target on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $92.67.

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.