American Century Companies Inc. Increases Stock Position in Louisiana-Pacific Corporation $LPX

American Century Companies Inc. raised its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 24.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 688,772 shares of the building manufacturing company’s stock after purchasing an additional 133,283 shares during the quarter. American Century Companies Inc. owned 0.99% of Louisiana-Pacific worth $61,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

LPX has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 29th. Barclays upped their price target on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Truist Financial raised their price objective on Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. DA Davidson decreased their price objective on Louisiana-Pacific from $117.00 to $114.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $104.00 target price on shares of Louisiana-Pacific in a report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Louisiana-Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $105.83.

Insider Activity at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 14,166 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $89.29, for a total value of $1,264,882.14. Following the transaction, the chief executive officer directly owned 461,719 shares of the company’s stock, valued at approximately $41,226,889.51. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director F Nicholas Grasberger III acquired 20,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were bought at an average cost of $85.49 per share, for a total transaction of $1,709,800.00. Following the completion of the transaction, the director owned 38,954 shares in the company, valued at approximately $3,330,177.46. This represents a 105.52% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 155,842 shares of company stock worth $13,912,978 in the last 90 days. 1.42% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Price Performance

LPX opened at $80.63 on Thursday. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 38.58 and a beta of 1.78. The stock has a fifty day simple moving average of $87.93 and a two-hundred day simple moving average of $87.70. Louisiana-Pacific Corporation has a 12-month low of $73.42 and a 12-month high of $102.86.

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

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 27th. Louisiana-Pacific’s payout ratio is currently 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.