Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lowered its position in Louisiana-Pacific Co. (NYSE:LPX) by 29.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,067 shares of the building manufacturing company’s stock after selling 40,677 shares during the quarter. Coronation Fund Managers Ltd. owned approximately 0.14% of Louisiana-Pacific worth $8,156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LPX. William Blair Investment Management LLC acquired a new position in shares of Louisiana-Pacific in the second quarter valued at approximately $91,053,000. Balyasny Asset Management L.P. increased its stake in Louisiana-Pacific by 16,827.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 717,059 shares of the building manufacturing company’s stock valued at $50,789,000 after buying an additional 712,823 shares during the period. Price T Rowe Associates Inc. MD raised its position in Louisiana-Pacific by 83.8% during the 4th 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 buying an additional 712,671 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Louisiana-Pacific by 92.4% in the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after acquiring an additional 602,803 shares during the period. Finally, Eminence Capital LP boosted its holdings in shares of Louisiana-Pacific by 31.4% in the fourth quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock valued at $145,697,000 after acquiring an additional 491,641 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Louisiana-Pacific

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. In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s 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 sale, the director now owns 21,005 shares in the company, valued at $2,064,791.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction that occurred on Friday, August 9th. The stock was 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 directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,900 shares of company stock worth $3,368,774. 1.26% of the stock is owned by insiders.

Louisiana-Pacific Trading Up 0.8 %

NYSE:LPX opened at $108.36 on Wednesday. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $109.73. 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 stock has a fifty day simple moving average of $97.18 and a 200-day simple moving average of $88.40. The company has a market capitalization of $7.77 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 4.95 and a beta of 1.88.

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

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s payout ratio is currently 28.57%.

Wall Street Analyst Weigh In

LPX has been the subject of several analyst reports. BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a report on Thursday, August 8th. Truist Financial restated a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Louisiana-Pacific in a research note on Thursday, August 8th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Bank of America boosted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. Finally, Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research note 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.67.

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.