5,260 Shares in Louisiana-Pacific Corporation $LPX Acquired by Sendero Wealth Management LLC

Key Points

• Sendero Wealth Management LLC acquired 5,260 shares in Louisiana-Pacific Corporation valued at approximately $452,000 during the second quarter.
• Recent stock performance shows a 1-year high of $122.87 and a 1-year low of $78.82, with the current market cap at $6.29 billion.
• Louisiana-Pacific announced a quarterly dividend of $0.28, representing an annualized yield of 1.2%, with a payout ratio of 26.42%.

Sendero Wealth Management LLC purchased a new stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,260 shares of the building manufacturing company's stock, valued at approximately $452,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC raised its stake in shares of Louisiana-Pacific by 4.1% during the 1st quarter. CWM LLC now owns 2,919 shares of the building manufacturing company's stock worth $268,000 after purchasing an additional 115 shares in the last quarter. Xponance Inc. grew its holdings in Louisiana-Pacific by 1.1% during the first quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company's stock worth $1,046,000 after purchasing an additional 127 shares during the period. Kingswood Wealth Advisors LLC increased its position in Louisiana-Pacific by 3.1% during the first quarter. Kingswood Wealth Advisors LLC now owns 4,658 shares of the building manufacturing company's stock worth $425,000 after buying an additional 140 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Louisiana-Pacific by 2.2% in the first quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company's stock valued at $732,000 after buying an additional 170 shares during the period. Finally, Capital Advisory Group Advisory Services LLC boosted its stake in shares of Louisiana-Pacific by 7.3% during the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 2,543 shares of the building manufacturing company's stock worth $234,000 after acquiring an additional 173 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several brokerages have issued reports on LPX. Wall Street Zen downgraded Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Louisiana-Pacific in a report on Saturday, September 27th. DA Davidson reiterated a "buy" rating and set a $117.00 target price on shares of Louisiana-Pacific in a research note on Thursday, September 25th. Finally, Truist Financial reduced their price target on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $110.57.

Louisiana-Pacific Price Performance

LPX stock opened at $90.29 on Monday. Louisiana-Pacific Corporation has a 1 year low of $78.82 and a 1 year high of $122.87. The company has a 50 day simple moving average of $93.10 and a 200 day simple moving average of $90.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.08 and a beta of 1.80.

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

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Louisiana-Pacific's dividend payout ratio (DPR) is 26.42%.

Louisiana-Pacific Company Profile

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.

Want to see what other hedge funds are holding LPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Louisiana-Pacific Corporation (NYSE:LPX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.