Private Advisor Group LLC Purchases 2,511 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Private Advisor Group LLC grew its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 32.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,350 shares of the building manufacturing company’s stock after buying an additional 2,511 shares during the quarter. Private Advisor Group LLC’s holdings in Louisiana-Pacific were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in Louisiana-Pacific by 48,193.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock worth $13,616,000 after buying an additional 161,931 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Louisiana-Pacific by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock worth $18,045,000 after purchasing an additional 7,367 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Louisiana-Pacific by 83.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock worth $110,717,000 after purchasing an additional 712,671 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Louisiana-Pacific during the second quarter worth approximately $590,000. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Louisiana-Pacific by 16.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company’s stock worth $3,914,000 after purchasing an additional 6,533 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

Insider Transactions at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The sale was disclosed in a legal 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 sale, 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. 1.26% of the stock is owned by insiders.

Louisiana-Pacific Trading Up 1.1 %

LPX opened at $99.03 on Tuesday. The firm’s fifty day moving average is $93.46 and its two-hundred day moving average is $86.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The firm has a market cap of $7.10 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 0.60 and a beta of 1.88. Louisiana-Pacific Co. has a twelve month low of $49.47 and a twelve month high of $101.89.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share 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 analyst estimates of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. Equities research analysts anticipate that Louisiana-Pacific Co. will post 5.05 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business 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 1.05%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is 28.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets lowered shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price on the stock. in a research report on Thursday, August 8th. Truist Financial reiterated a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group increased their price objective on shares of 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 increased their price objective 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.67.

About Louisiana-Pacific

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.