Louisiana-Pacific Co. (NYSE:LPX) Shares Acquired by Quarry LP

Quarry LP grew its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 362.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,821 shares of the building manufacturing company’s stock after acquiring an additional 1,427 shares during the period. Quarry LP’s holdings in Louisiana-Pacific were worth $150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of LPX. US Bancorp DE grew its stake in shares of Louisiana-Pacific by 20.7% in the fourth quarter. US Bancorp DE now owns 9,199 shares of the building manufacturing company’s stock worth $652,000 after acquiring an additional 1,580 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Louisiana-Pacific by 74.1% in the fourth quarter. Hsbc Holdings PLC now owns 38,947 shares of the building manufacturing company’s stock worth $2,780,000 after acquiring an additional 16,573 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Louisiana-Pacific by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 28,499 shares of the building manufacturing company’s stock worth $2,019,000 after acquiring an additional 280 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Louisiana-Pacific in the fourth quarter worth $210,000. Finally, Alberta Investment Management Corp grew its stake in shares of Louisiana-Pacific by 101.5% in the fourth quarter. Alberta Investment Management Corp now owns 9,475 shares of the building manufacturing company’s stock worth $671,000 after acquiring an additional 4,772 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of analyst reports. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Bank of America boosted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. Royal Bank of Canada boosted their target price 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. DA Davidson boosted their target price 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. Finally, Truist Financial reiterated a “buy” rating and set a $105.00 target price (up previously from $101.00) on shares of Louisiana-Pacific in a research note on Thursday, August 8th. Two 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $92.67.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the sale, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the sale, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,900 shares of company stock valued at $3,368,774. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of LPX opened at $107.46 on Tuesday. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $108.50. The stock has a market cap of $7.70 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 4.95 and a beta of 1.88. 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 has a fifty day moving average price of $96.87 and a 200 day moving average price of $88.18.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly 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. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. During the same period in the previous year, the company earned $0.55 earnings per share. Louisiana-Pacific’s quarterly revenue was up 33.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.04 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a $0.26 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. Louisiana-Pacific’s payout ratio is 28.57%.

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.