Algert Global LLC Decreases Holdings in Louisiana-Pacific Corporation $LPX

Key Points

• Algert Global LLC reduced its holdings in Louisiana-Pacific Corporation by 45.1% in Q1, now owning 54,347 shares valued at approximately $4.99 million.
• Despite Algert's sell-off, other institutional investors, such as UMB Bank and Fifth Third Bancorp, have significantly increased their stakes in Louisiana-Pacific during the same period.
• The company recently reported $0.99 earnings per share for the last quarter, surpassing estimates, but experienced a 7.2% decline in revenue year-over-year.

Algert Global LLC decreased its holdings in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 45.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,347 shares of the building manufacturing company's stock after selling 44,676 shares during the quarter. Algert Global LLC owned about 0.08% of Louisiana-Pacific worth $4,999,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in shares of Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after buying an additional 242 shares during the period. Fifth Third Bancorp boosted its stake in shares of Louisiana-Pacific by 41.5% during the 1st quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock worth $96,000 after acquiring an additional 305 shares in the last quarter. GeoWealth Management LLC grew its holdings in Louisiana-Pacific by 1,184.9% in the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after purchasing an additional 865 shares during the period. First Horizon Advisors Inc. grew its stake in Louisiana-Pacific by 67.2% in the 1st quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock valued at $111,000 after acquiring an additional 484 shares during the period. Finally, TD Waterhouse Canada Inc. grew its position in shares of Louisiana-Pacific by 31.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,681 shares of the building manufacturing company's stock valued at $174,000 after purchasing an additional 399 shares during the period. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $97.18 on Tuesday. The company has a market cap of $6.77 billion, a P/E ratio of 22.92, a PEG ratio of 2.22 and a beta of 1.80. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $90.55 and a 200 day moving average price of $92.90. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87.

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

Louisiana-Pacific Announces Dividend

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

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total transaction of $105,544.08. Following the transaction, the director owned 18,838 shares of the company's stock, valued at $1,686,377.76. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ozey K. Horton, Jr. sold 500 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the transaction, the director directly owned 29,728 shares in the company, valued at approximately $3,002,528. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on LPX shares. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Truist Financial reduced their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 11th. DA Davidson decreased their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Finally, Royal Bank Of Canada increased their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $106.13.

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.

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