Capital Fund Management S.A. Has $4.45 Million Stock Holdings in Louisiana-Pacific Corporation $LPX

Key Points

• Capital Fund Management S.A. reduced its holdings in Louisiana-Pacific Corporation by 26.8%, owning approximately $4.45 million worth of shares after selling over 17,000 shares in the first quarter.
• Louisiana-Pacific declared a quarterly dividend of $0.28 per share, reflecting an annualized dividend of $1.12 with a yield of 1.1%, payable to stockholders on August 29.
• Equities research analysts have varied opinions on Louisiana-Pacific shares, with four giving it a Buy rating while others have assigned Hold and Sell ratings, reflecting differing outlooks on the company’s stock performance.

Capital Fund Management S.A. trimmed its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 26.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,338 shares of the building manufacturing company's stock after selling 17,720 shares during the period. Capital Fund Management S.A. owned about 0.07% of Louisiana-Pacific worth $4,446,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Louisiana-Pacific in the 4th quarter valued at about $3,020,000. Mariner LLC raised its holdings in shares of Louisiana-Pacific by 9.3% in the 4th quarter. Mariner LLC now owns 8,339 shares of the building manufacturing company's stock valued at $864,000 after purchasing an additional 708 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Louisiana-Pacific by 8.0% in the 4th quarter. MetLife Investment Management LLC now owns 37,166 shares of the building manufacturing company's stock valued at $3,849,000 after purchasing an additional 2,761 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Louisiana-Pacific by 86.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,407 shares of the building manufacturing company's stock valued at $871,000 after purchasing an additional 3,899 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Louisiana-Pacific by 31.1% in the 4th 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. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 1,179 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the transaction, the director directly owned 18,838 shares of the company's stock, valued at approximately $1,686,377.76. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 500 shares of the firm's stock in a transaction that occurred 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 $3,002,528. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LPX shares. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada upped their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen cut shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. DA Davidson lowered their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Finally, Truist Financial lowered their price target 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. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Louisiana-Pacific has an average rating of "Hold" and a consensus target price of $106.13.

Louisiana-Pacific Stock Up 7.6%

Shares of LPX opened at $99.4340 on Friday. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87. The firm's 50 day moving average is $91.06 and its 200-day moving average is $92.47. The stock has a market capitalization of $6.92 billion, a PE ratio of 23.45, a P/E/G 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.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS 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 period last year, the firm earned $2.09 earnings per share. The business's revenue for the quarter was down 7.2% on a year-over-year basis. Equities research analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 26.42%.

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.

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