Renaissance Technologies LLC Has $36.83 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Renaissance Technologies LLC boosted its position in Louisiana-Pacific Co. (NYSE:LPX) by 188.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 447,400 shares of the building manufacturing company’s stock after acquiring an additional 292,200 shares during the quarter. Renaissance Technologies LLC owned 0.62% of Louisiana-Pacific worth $36,834,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. LifeSteps Financial Inc. acquired a new stake in shares of Louisiana-Pacific in the 1st quarter valued at $25,000. Fidelis Capital Partners LLC bought a new stake in shares of Louisiana-Pacific during the 1st quarter worth $25,000. Whittier Trust Co. acquired a new stake in Louisiana-Pacific in the first quarter valued at about $31,000. Bessemer Group Inc. grew its position in 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 acquiring an additional 318 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake 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 acquiring an additional 177 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Up 0.8 %

NYSE LPX opened at $101.55 on Thursday. The firm has a market capitalization of $7.28 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 0.60 and a beta of 1.88. The business’s 50-day moving average price is $94.29 and its two-hundred day moving average price is $86.64. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $103.86.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, analysts expect that Louisiana-Pacific Co. will post 5.05 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

LPX has been the topic of a number of research analyst reports. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research note on Thursday, August 8th. Bank of America raised 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, September 12th. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Friday, September 13th. The Goldman Sachs Group raised their price objective on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a report on Thursday, August 8th. Finally, DA Davidson boosted their price objective on Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $92.67.

Insider Buying and Selling

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 596,886 shares of the company’s stock, valued at $55,773,027.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction 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 transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at $55,773,027.84. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock valued at $3,368,774 over the last quarter. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific 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.