Louisiana-Pacific Corporation $LPX Shares Sold by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. reduced its stake in Louisiana-Pacific Corporation by 12.8% in the first quarter, selling 114,287 shares, and now holds approximately 1.12% of the company valued at $71.47 million.
• Several institutional investors increased their holdings in Louisiana-Pacific, with 59 North Capital Management LP growing its stake by 32.1% and Allianz Asset Management GmbH by 252.2% in the same quarter.
• The company announced a quarterly dividend of $0.28 per share, representing an annual yield of 1.2%, with a dividend payout ratio of 26.42%.

Alyeska Investment Group L.P. lessened its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 777,064 shares of the building manufacturing company's stock after selling 114,287 shares during the period. Alyeska Investment Group L.P. owned about 1.12% of Louisiana-Pacific worth $71,474,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. UMB Bank n.a. boosted its holdings in shares of Louisiana-Pacific by 76.1% in the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock valued at $52,000 after purchasing an additional 242 shares during the period. Fifth Third Bancorp increased its position in shares of Louisiana-Pacific by 41.5% during the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock worth $96,000 after purchasing an additional 305 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Louisiana-Pacific by 67.2% during the first quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock worth $111,000 after purchasing an additional 484 shares in the last quarter. Leavell Investment Management Inc. increased its position in shares of Louisiana-Pacific by 11.6% during the first quarter. Leavell Investment Management Inc. now owns 2,231 shares of the building manufacturing company's stock worth $205,000 after purchasing an additional 231 shares in the last quarter. Finally, Breed s Hill Capital LLC acquired a new position in shares of Louisiana-Pacific during the fourth quarter worth $207,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Up 2.3%

Shares of NYSE LPX traded up $2.21 during trading on Friday, reaching $98.97. The stock had a trading volume of 966,650 shares, compared to its average volume of 865,240. Louisiana-Pacific Corporation has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84. The business's 50-day moving average price is $92.81 and its 200-day moving average price is $91.33. The company has a market cap of $6.89 billion, a P/E ratio of 23.34, a PEG ratio of 2.21 and a beta of 1.84.

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, beating analysts' consensus estimates 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 return on equity of 18.67% and a net margin of 10.34%.The company's revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.09 earnings per share. On average, equities research analysts predict that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. Louisiana-Pacific's dividend payout ratio is currently 26.42%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Truist Financial dropped 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. Wall Street Zen lowered Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Finally, DA Davidson decreased their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Louisiana-Pacific has a consensus rating of "Hold" and a consensus price target 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.