Allspring Global Investments Holdings LLC Sells 14,616 Shares of Louisiana-Pacific Corporation $LPX

Allspring Global Investments Holdings LLC reduced its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,227 shares of the building manufacturing company’s stock after selling 14,616 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.25% of Louisiana-Pacific worth $14,076,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LPX. North Ridge Wealth Advisors Inc. acquired a new position in shares of Louisiana-Pacific in the 2nd quarter worth approximately $26,000. Versant Capital Management Inc lifted its holdings 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 valued at $44,000 after buying an additional 127 shares during the period. Larson Financial Group LLC boosted its position in Louisiana-Pacific by 291.2% during the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock valued at $48,000 after acquiring an additional 399 shares during the last quarter. Danske Bank A S acquired a new stake in Louisiana-Pacific during the 3rd quarter worth about $80,000. Finally, State of Wyoming acquired a new stake in Louisiana-Pacific during the 3rd quarter worth about $82,000. 94.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Lizanne M. Bruce sold 1,300 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total value of $102,167.00. Following the completion of the sale, the director owned 17,160 shares in the company, valued at $1,348,604.40. This represents a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director F Nicholas Grasberger III bought 20,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was purchased at an average price of $85.49 per share, with a total value of $1,709,800.00. Following the acquisition, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 113,310 shares of company stock worth $10,235,781. Corporate insiders own 1.42% of the company’s stock.

Louisiana-Pacific Stock Up 0.1%

Shares of NYSE LPX opened at $70.85 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.78 and a quick ratio of 1.53. The company has a 50-day moving average price of $82.23 and a 200-day moving average price of $84.35. The stock has a market capitalization of $4.95 billion, a P/E ratio of 33.90, a P/E/G ratio of 0.88 and a beta of 1.78. Louisiana-Pacific Corporation has a 1 year low of $69.63 and a 1 year high of $102.86.

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

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.30 per share. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 27th. This represents a $1.20 annualized dividend and a yield of 1.7%. Louisiana-Pacific’s dividend payout ratio (DPR) is 53.59%.

Analysts Set New Price Targets

LPX has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Friday, March 27th. Truist Financial boosted their price target on Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Oppenheimer reiterated an “outperform” rating on shares of Louisiana-Pacific in a research note on Tuesday, March 3rd. Finally, Barclays boosted their target price 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. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.83.

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.