Louisiana-Pacific Co. (NYSE:LPX) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 10,646.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,634 shares of the building manufacturing company’s stock after acquiring an additional 68,986 shares during the period. International Assets Investment Management LLC owned about 0.10% of Louisiana-Pacific worth $7,483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in Louisiana-Pacific by 11.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock worth $146,026,000 after buying an additional 177,132 shares during the last quarter. Marshall Wace LLP grew its stake in Louisiana-Pacific by 92.4% during the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after buying an additional 602,803 shares during the last quarter. William Blair Investment Management LLC bought a new position in Louisiana-Pacific during the 2nd quarter worth $91,053,000. Jacobs Levy Equity Management Inc. grew its stake in Louisiana-Pacific by 6.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 925,514 shares of the building manufacturing company’s stock worth $77,660,000 after buying an additional 57,966 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock worth $36,834,000 after buying an additional 292,200 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Up 0.2 %

Shares of NYSE LPX opened at $98.90 on Friday. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $109.73. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 4.63 and a beta of 1.88. 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 has a fifty day simple moving average of $101.17 and a 200-day simple moving average of $91.91.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The business had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. During the same period in the prior year, the business posted $0.55 earnings per share. Louisiana-Pacific’s revenue was up 33.2% compared to the same quarter last year. Sell-side analysts predict that Louisiana-Pacific Co. will post 5.04 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is 28.57%.

Insider Activity

In related news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction dated Friday, August 9th. The stock was 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 approximately $2,787,668.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction dated Friday, August 9th. The stock was 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 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. Insiders sold a total of 35,900 shares of company stock valued at $3,368,774 over the last three months. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. BMO Capital Markets cut Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a research note on Thursday, August 8th. The Goldman Sachs Group increased their price target on Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research note on Thursday, August 8th. Truist Financial increased their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada increased their price target on Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $93.56.

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.