Hsbc Holdings PLC Purchases 49,682 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Hsbc Holdings PLC grew its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 168.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,185 shares of the building manufacturing company’s stock after buying an additional 49,682 shares during the quarter. Hsbc Holdings PLC owned 0.11% of Louisiana-Pacific worth $6,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Louisiana-Pacific by 1.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock worth $1,237,000 after buying an additional 167 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after purchasing an additional 177 shares during the period. CWM LLC lifted its stake in Louisiana-Pacific by 9.0% in the second quarter. CWM LLC now owns 2,279 shares of the building manufacturing company’s stock valued at $188,000 after purchasing an additional 188 shares during the last quarter. Retirement Systems of Alabama grew its holdings in Louisiana-Pacific by 0.3% during the first quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock valued at $6,763,000 after purchasing an additional 220 shares during the period. Finally, Investment House LLC increased its position in Louisiana-Pacific by 5.5% in the second quarter. Investment House LLC now owns 4,769 shares of the building manufacturing company’s stock worth $393,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 0.9 %

LPX opened at $106.48 on Tuesday. The firm has a market capitalization of $7.63 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 0.60 and a beta of 1.88. Louisiana-Pacific Co. has a one year low of $49.47 and a one year high of $106.81. The company has a fifty day moving average price of $95.48 and a 200-day moving average price of $87.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95.

Louisiana-Pacific (NYSE:LPX) last posted its 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 business had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The firm’s revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. Equities research analysts expect that Louisiana-Pacific Co. will post 5.05 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a $0.26 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.98%. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

LPX has been the subject of several research reports. 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 reiterated a “buy” rating and set a $105.00 target price (up previously from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. DA Davidson boosted their price target on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.67.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction 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 completion of the transaction, 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. In related news, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now owns 21,005 shares in the company, valued at $2,064,791.50. The disclosure for this sale can be found here. Insiders have sold 35,900 shares of company stock valued at $3,368,774 in the last quarter. Insiders own 1.26% of the company’s stock.

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.