Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. decreased its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 98.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,331 shares of the building manufacturing company’s stock after selling 183,172 shares during the period. Westwood Holdings Group Inc.’s holdings in Louisiana-Pacific were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LifeSteps Financial Inc. purchased a new stake in Louisiana-Pacific in the 1st quarter valued at $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of Louisiana-Pacific during the first quarter worth about $25,000. Whittier Trust Co. purchased a new position in shares of Louisiana-Pacific during the first quarter worth about $31,000. Bessemer Group Inc. increased its position in Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after acquiring an additional 318 shares during the period. Finally, GAMMA Investing LLC lifted its position in Louisiana-Pacific by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after acquiring an additional 177 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $55,773,027.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the sale, the director now directly owns 29,008 shares in the company, valued at $2,787,668.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific 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 sale, the chief executive officer now 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. Insiders have sold 35,900 shares of company stock worth $3,368,774 in the last three months. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LPX. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Truist Financial restated a “buy” rating and set a $105.00 price objective (up previously from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a research note on Thursday, August 8th. Bank of America boosted their price target 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. Finally, Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.67.

Louisiana-Pacific Trading Up 1.4 %

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

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.23. The firm had revenue of $814.00 million during 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%. Louisiana-Pacific’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. On average, research analysts anticipate that Louisiana-Pacific Co. will post 5.05 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 28.57%.

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.