Intech Investment Management LLC Makes New Investment in Louisiana-Pacific Co. (NYSE:LPX)

Intech Investment Management LLC acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,996 shares of the building manufacturing company’s stock, valued at approximately $3,705,000. Intech Investment Management LLC owned about 0.06% of Louisiana-Pacific as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of LPX. William Blair Investment Management LLC purchased a new position in Louisiana-Pacific during the 2nd quarter worth $91,053,000. Norges Bank purchased a new stake in shares of Louisiana-Pacific in the fourth quarter valued at about $53,186,000. Balyasny Asset Management L.P. boosted its holdings in shares of Louisiana-Pacific by 16,827.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 717,059 shares of the building manufacturing company’s stock valued at $50,789,000 after acquiring an additional 712,823 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Louisiana-Pacific by 83.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock valued at $110,717,000 after acquiring an additional 712,671 shares in the last quarter. Finally, Eminence Capital LP boosted its holdings in shares of Louisiana-Pacific by 31.4% in the fourth quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock valued at $145,697,000 after acquiring an additional 491,641 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 value of $3,046,144.00. Following the completion of the transaction, the chief executive officer now owns 596,886 shares of the company’s stock, valued at $55,773,027.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,900 shares of company stock worth $3,368,774. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $105.55 on Monday. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.57 billion, a P/E ratio of 29.00, a PEG ratio of 0.60 and a beta of 1.88. The company has a 50-day moving average of $95.09 and a two-hundred day moving average of $87.13. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $106.57.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. As a group, research analysts predict that Louisiana-Pacific Co. will post 5.05 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm 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 0.99%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

LPX has been the topic of several analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $105.00 target price (up previously from $101.00) on shares of Louisiana-Pacific in a report on Thursday, August 8th. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Friday, September 13th. DA Davidson lifted their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Bank of America boosted their price objective 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $92.67.

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.