Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in Louisiana-Pacific Co. (NYSE:LPX) by 24.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,455 shares of the building manufacturing company’s stock after selling 8,162 shares during the period. Assenagon Asset Management S.A.’s holdings in Louisiana-Pacific were worth $2,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of Louisiana-Pacific by 76.1% in the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company’s stock worth $52,000 after acquiring an additional 242 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Louisiana-Pacific by 56.2% in the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock worth $75,000 after acquiring an additional 259 shares during the last quarter. GeoWealth Management LLC boosted its stake in shares of Louisiana-Pacific by 1,184.9% in the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company’s stock worth $97,000 after acquiring an additional 865 shares during the last quarter. Covestor Ltd boosted its stake in shares of Louisiana-Pacific by 142.6% in the fourth quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company’s stock worth $108,000 after acquiring an additional 613 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Louisiana-Pacific by 136.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,521 shares of the building manufacturing company’s stock worth $158,000 after buying an additional 879 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

LPX stock opened at $88.49 on Tuesday. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.16 billion, a PE ratio of 15.05, a P/E/G ratio of 1.24 and a beta of 1.89. Louisiana-Pacific Co. has a 12-month low of $78.82 and a 12-month high of $122.87. The business’s fifty day moving average price is $89.38 and its 200 day moving average price is $99.39.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.13 by $0.14. The firm had revenue of $724.00 million during the quarter, compared to analysts’ expectations of $711.66 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. Louisiana-Pacific’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.53 EPS. On average, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.27%. Louisiana-Pacific’s dividend payout ratio is presently 19.65%.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 1,179 shares of Louisiana-Pacific stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the sale, the director now directly owns 18,838 shares in the company, valued at $1,686,377.76. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. TD Securities reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. Truist Financial reduced their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. DA Davidson reduced their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, Loop Capital upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific currently has an average rating of “Hold” and an average price target of $107.38.

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.