Louisiana-Pacific Corporation (NYSE:LPX) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its holdings in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 252.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 682,164 shares of the building manufacturing company's stock after purchasing an additional 488,458 shares during the quarter. Allianz Asset Management GmbH owned about 0.98% of Louisiana-Pacific worth $62,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LPX. UMB Bank n.a. raised its position in Louisiana-Pacific by 76.1% during the 1st 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 last quarter. GeoWealth Management LLC raised its position in Louisiana-Pacific by 1,184.9% during the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after buying an additional 865 shares during the last quarter. Fifth Third Bancorp raised its position in 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 buying an additional 305 shares during the last quarter. Covestor Ltd raised its position in Louisiana-Pacific by 142.6% during the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock worth $108,000 after buying an additional 613 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in Louisiana-Pacific by 67.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock worth $111,000 after buying an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LPX. Royal Bank Of Canada upped their price objective 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. Wall Street Zen upgraded shares of Louisiana-Pacific from a "sell" rating to a "hold" rating in a research report on Saturday. DA Davidson cut their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Truist Financial cut their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $106.13.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 1,179 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total value of $105,544.08. Following the sale, the director directly owned 18,838 shares of the company's stock, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.42% of the company's stock.

Louisiana-Pacific Price Performance

NYSE LPX traded up $1.38 during trading hours on Friday, reaching $89.86. The company's stock had a trading volume of 453,134 shares, compared to its average volume of 647,764. The stock has a market cap of $6.25 billion, a PE ratio of 15.77, a PEG ratio of 1.54 and a beta of 1.84. Louisiana-Pacific Corporation has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. The company's 50-day moving average is $89.95 and its two-hundred day moving average is $95.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. The firm had revenue of $724.00 million for the quarter, compared to analysts' expectations of $711.66 million. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The firm's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $1.53 EPS. Analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were paid a $0.28 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.25%. Louisiana-Pacific's payout ratio is 19.65%.

Louisiana-Pacific 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.