Vident Advisory LLC Acquires 727 Shares of Louisiana-Pacific Corporation $LPX

Vident Advisory LLC increased its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 35.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,783 shares of the building manufacturing company’s stock after buying an additional 727 shares during the period. Vident Advisory LLC’s holdings in Louisiana-Pacific were worth $256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Louisiana-Pacific by 18.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company’s stock worth $12,486,000 after buying an additional 21,462 shares during the last quarter. CCM Investment Group LLC bought a new stake in shares of Louisiana-Pacific during the first quarter worth approximately $633,000. Sierra Summit Advisors LLC bought a new stake in shares of Louisiana-Pacific during the first quarter worth approximately $511,000. American Century Companies Inc. raised its stake in shares of Louisiana-Pacific by 1.4% during the first quarter. American Century Companies Inc. now owns 525,686 shares of the building manufacturing company’s stock worth $48,353,000 after buying an additional 7,381 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new position in Louisiana-Pacific during the fourth quarter valued at approximately $389,000. 94.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the transaction, the director owned 29,728 shares in the company, valued at $3,002,528. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LPX. DA Davidson decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating for the company in a report on Wednesday, June 25th. Truist Financial decreased their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 11th. Finally, Wall Street Zen cut shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $106.13.

Louisiana-Pacific Stock Down 3.5%

Louisiana-Pacific stock opened at $95.82 on Wednesday. The stock has a market capitalization of $6.67 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.21 and a beta of 1.84. Louisiana-Pacific Corporation has a twelve month low of $78.82 and a twelve month high of $122.87. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $93.16 and a 200-day moving average of $91.30.

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

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 15th. Louisiana-Pacific’s dividend payout ratio is 26.42%.

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.