Louisiana-Pacific Corporation (NYSE:LPX) Stake Trimmed by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,021,530 shares of the building manufacturing company’s stock after selling 66,459 shares during the quarter. Vanguard Group Inc. owned approximately 10.08% of Louisiana-Pacific worth $645,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LPX. Wells Fargo & Company MN lifted its holdings in shares of Louisiana-Pacific by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 54,396 shares of the building manufacturing company’s stock valued at $5,633,000 after buying an additional 2,633 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Louisiana-Pacific by 217.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 144,786 shares of the building manufacturing company’s stock valued at $14,993,000 after buying an additional 99,172 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Louisiana-Pacific by 3.9% during the 4th quarter. Federated Hermes Inc. now owns 8,471 shares of the building manufacturing company’s stock valued at $877,000 after buying an additional 319 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Louisiana-Pacific during the 4th quarter valued at about $3,020,000. Finally, Townsquare Capital LLC lifted its holdings in shares of Louisiana-Pacific by 15.5% during the 4th quarter. Townsquare Capital LLC now owns 5,844 shares of the building manufacturing company’s stock valued at $605,000 after buying an additional 786 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of the company’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the completion of the transaction, the director owned 18,838 shares of the company’s stock, valued at $1,686,377.76. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is currently owned by insiders.

Louisiana-Pacific Stock Performance

LPX opened at $102.81 on Thursday. The business has a fifty day simple moving average of $90.14 and a 200 day simple moving average of $93.57. The company has a market capitalization of $7.16 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.13 and a beta of 1.80. Louisiana-Pacific Corporation has a 1 year low of $78.82 and a 1 year high of $122.87. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $755.00 million during the quarter, compared to the consensus estimate of $751.15 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 EPS. Research analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Louisiana-Pacific’s dividend payout ratio is presently 26.42%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LPX. Loop Capital upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Wednesday, May 7th. DA Davidson reduced their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating for the company in a report on Wednesday, June 25th. Wall Street Zen lowered Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Truist Financial reduced their target price on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 11th. Finally, Royal Bank Of Canada boosted their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Hold” and a consensus price target of $106.13.

Louisiana-Pacific 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.