Assenagon Asset Management S.A. Has $2.47 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Assenagon Asset Management S.A. cut its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 91.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,955 shares of the building manufacturing company’s stock after selling 247,386 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Louisiana-Pacific were worth $2,467,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. CWM LLC lifted its holdings in shares of Louisiana-Pacific by 4.3% during the 3rd quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock valued at $255,000 after buying an additional 97 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Louisiana-Pacific by 4.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock valued at $280,000 after buying an additional 99 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Louisiana-Pacific by 1.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock valued at $1,237,000 after buying an additional 167 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Louisiana-Pacific by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after buying an additional 177 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Louisiana-Pacific by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock valued at $6,763,000 after buying an additional 220 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX opened at $98.90 on Friday. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $101.17 and its two-hundred day moving average is $91.91. The company has a market cap of $7.09 billion, a P/E ratio of 27.17, a P/E/G ratio of 4.63 and a beta of 1.88. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $109.73.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.86 by $0.23. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. On average, equities analysts expect that Louisiana-Pacific Co. will post 5.04 EPS for the current year.

Louisiana-Pacific Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

LPX has been the subject of several research reports. Truist Financial lifted their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada raised their price objective on Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Bank of America raised their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. Finally, 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 research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and a consensus target price of $93.56.

Insider Activity

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 stock was 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 directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 stock was 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 directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the sale, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,900 shares of company stock worth $3,368,774. Company insiders own 1.26% of the company’s stock.

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.