Louisiana-Pacific Corporation $LPX Stock Position Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 16.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,357 shares of the building manufacturing company’s stock after buying an additional 1,436 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Louisiana-Pacific were worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. 59 North Capital Management LP raised its holdings in shares of Louisiana-Pacific by 32.1% in the 1st quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock worth $240,863,000 after purchasing an additional 635,817 shares in the last quarter. Palestra Capital Management LLC raised its holdings in shares of Louisiana-Pacific by 173.5% in the 1st quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company’s stock worth $83,851,000 after purchasing an additional 578,248 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Louisiana-Pacific by 252.2% in the 1st quarter. Allianz Asset Management GmbH now owns 682,164 shares of the building manufacturing company’s stock worth $62,746,000 after purchasing an additional 488,458 shares in the last quarter. Nuveen LLC bought a new stake in shares of Louisiana-Pacific in the 1st quarter worth approximately $25,409,000. Finally, Invesco Ltd. raised its holdings in shares of Louisiana-Pacific by 103.2% in the 1st quarter. Invesco Ltd. now owns 527,801 shares of the building manufacturing company’s stock worth $48,547,000 after purchasing an additional 268,053 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LPX shares. Wall Street Zen downgraded shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. DA Davidson reiterated a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, September 25th. Finally, Truist Financial dropped their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and a consensus price target of $110.57.

Insider Activity

In related news, Director Ozey K. Horton, Jr. sold 500 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the sale, the director directly owned 29,728 shares of the company’s stock, valued at approximately $3,002,528. This represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Louisiana-Pacific Stock Performance

LPX stock opened at $89.93 on Friday. 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 market capitalization of $6.26 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 2.07 and a beta of 1.80. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87. The firm has a 50 day moving average of $93.10 and a two-hundred day moving average of $90.72.

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

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Louisiana-Pacific’s dividend payout ratio is currently 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.