Louisiana-Pacific Corporation $LPX Shares Purchased by Citigroup Inc.

Citigroup Inc. boosted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 48.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,161 shares of the building manufacturing company’s stock after purchasing an additional 31,244 shares during the quarter. Citigroup Inc. owned approximately 0.14% of Louisiana-Pacific worth $8,454,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Louisiana-Pacific in the 2nd quarter worth about $26,000. Versant Capital Management Inc raised its position in Louisiana-Pacific by 34.3% during the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock worth $44,000 after acquiring an additional 127 shares during the last quarter. State of Wyoming purchased a new stake in shares of Louisiana-Pacific in the third quarter valued at about $82,000. EverSource Wealth Advisors LLC grew its position in shares of Louisiana-Pacific by 496.3% in the second quarter. EverSource Wealth Advisors LLC now owns 954 shares of the building manufacturing company’s stock valued at $82,000 after purchasing an additional 794 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Louisiana-Pacific by 2,000.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,050 shares of the building manufacturing company’s stock worth $90,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LPX shares. TD Securities lowered their target price on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $104.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, February 18th. DA Davidson dropped their price objective on Louisiana-Pacific from $117.00 to $114.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 29th. Finally, Barclays raised their price target on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.83.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 14,166 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $89.29, for a total transaction of $1,264,882.14. Following the completion of the sale, the chief executive officer owned 461,719 shares of the company’s stock, valued at approximately $41,226,889.51. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director F Nicholas Grasberger III purchased 20,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average price of $85.49 per share, with a total value of $1,709,800.00. Following the completion of the purchase, the director directly owned 38,954 shares of the company’s stock, valued at $3,330,177.46. The trade was a 105.52% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 155,842 shares of company stock valued at $13,912,978 over the last three months. Corporate insiders own 1.42% of the company’s stock.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $84.64 on Monday. The business’s 50-day moving average price is $87.93 and its 200 day moving average price is $87.98. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a twelve month low of $73.42 and a twelve month high of $102.86. The company has a market capitalization of $5.91 billion, a PE ratio of 40.50 and a beta of 1.78.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The company had revenue of $567.00 million during the quarter, compared to the consensus estimate of $589.96 million. During the same quarter in the prior year, the company posted $1.03 EPS. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. On average, research analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.30 dividend. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. Louisiana-Pacific’s dividend payout ratio (DPR) is 53.59%.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.