Private Advisor Group LLC Grows Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Private Advisor Group LLC grew its stake in Louisiana-Pacific Co. (NYSE:LPX) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,843 shares of the building manufacturing company’s stock after purchasing an additional 493 shares during the quarter. Private Advisor Group LLC’s holdings in Louisiana-Pacific were worth $1,165,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. William Blair Investment Management LLC acquired a new position in Louisiana-Pacific in the 2nd quarter valued at about $91,053,000. Marshall Wace LLP boosted its holdings 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 valued at $103,363,000 after buying an additional 602,803 shares in the last quarter. Renaissance Technologies LLC boosted 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 purchasing an additional 292,200 shares during the period. Assenagon Asset Management S.A. boosted its stake in Louisiana-Pacific by 768.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 270,341 shares of the building manufacturing company’s stock worth $22,257,000 after purchasing an additional 239,212 shares during the period. Finally, Natixis acquired a new stake in Louisiana-Pacific during the 1st quarter worth $16,371,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

NYSE LPX opened at $98.90 on Friday. The company has a 50 day simple moving average of $101.17 and a 200-day simple moving average of $91.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 4.63 and a beta of 1.88. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $109.73.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The firm had revenue of $814.00 million for 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%. The firm’s revenue was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. Equities research analysts predict that Louisiana-Pacific Co. will post 5.04 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a $0.26 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.04 annualized dividend and a yield of 1.05%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 28.57%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific 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 completion of the transaction, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific 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 transaction, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the firm’s 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 owns 596,886 shares in the company, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,900 shares of company stock valued at $3,368,774. 1.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on LPX. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a research report on Thursday, August 8th. Royal Bank of Canada increased their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. The Goldman Sachs Group raised their target price 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. Truist Financial raised their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Bank of America boosted their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and an average target price 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.