Dimensional Fund Advisors LP Boosts Stake in Louisiana-Pacific Corporation $LPX

Dimensional Fund Advisors LP grew its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,549,853 shares of the building manufacturing company’s stock after acquiring an additional 28,535 shares during the quarter. Dimensional Fund Advisors LP owned about 2.23% of Louisiana-Pacific worth $137,666,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Versant Capital Management Inc raised its stake in shares of Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after acquiring an additional 127 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Louisiana-Pacific by 4.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 3,139 shares of the building manufacturing company’s stock valued at $279,000 after purchasing an additional 136 shares in the last quarter. Elo Mutual Pension Insurance Co increased its holdings in Louisiana-Pacific by 1.5% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 11,524 shares of the building manufacturing company’s stock valued at $1,024,000 after purchasing an additional 166 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Louisiana-Pacific by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the building manufacturing company’s stock valued at $1,564,000 after purchasing an additional 200 shares during the period. Finally, State of Michigan Retirement System raised its position in Louisiana-Pacific by 1.3% in the third quarter. State of Michigan Retirement System now owns 15,058 shares of the building manufacturing company’s stock valued at $1,338,000 after purchasing an additional 200 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. DA Davidson decreased their target price 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. Barclays boosted their price target on Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Oppenheimer reaffirmed an “outperform” rating on shares of Louisiana-Pacific in a research report on Tuesday, March 3rd. Finally, Truist Financial lifted their price objective on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.83.

Louisiana-Pacific Stock Up 1.8%

Shares of NYSE LPX opened at $79.02 on Wednesday. Louisiana-Pacific Corporation has a 1 year low of $73.42 and a 1 year high of $102.86. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 37.81 and a beta of 1.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.53 and a current ratio of 2.78. The stock’s 50-day simple moving average is $87.63 and its 200-day simple moving average is $87.15.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results 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 return on equity of 10.72% and a net margin of 5.39%.The firm 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 business posted $1.03 earnings per share. Louisiana-Pacific’s revenue for the quarter was down 16.7% on a year-over-year basis. As a group, equities analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.30 per share. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 53.59%.

Insider Activity at Louisiana-Pacific

In related news, Director F Nicholas Grasberger III purchased 20,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was acquired at an average price of $85.49 per share, with a total value of $1,709,800.00. Following the completion of the transaction, the director owned 38,954 shares of the company’s stock, valued at $3,330,177.46. This represents a 105.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $91.66, for a total transaction of $5,073,014.36. Following the completion of the sale, the chief executive officer owned 503,381 shares of the company’s stock, valued at approximately $46,139,902.46. This trade represents a 9.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 155,842 shares of company stock valued at $13,912,978. Company insiders own 1.42% of the company’s stock.

About Louisiana-Pacific

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.