Ceredex Value Advisors LLC Increases Stake in Louisiana-Pacific Corporation $LPX

Key Points

• Ceredex Value Advisors LLC increased its stake in Louisiana-Pacific Corporation by 6.9%, owning approximately 78,925 shares valued at about $7.26 million after purchasing an additional 5,097 shares recently.
• Several institutional investors, including Raymond James Financial Inc. and Stifel Financial Corp., have recently made significant investments in Louisiana-Pacific, contributing to 94.73% of the company's stock being held by institutional investors.
• Louisiana-Pacific reported earnings of $0.99 per share for the last quarter, slightly exceeding analysts' expectations, but experienced a 7.2% decline in revenue compared to the same quarter last year.

Ceredex Value Advisors LLC lifted its stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 6.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,925 shares of the building manufacturing company's stock after buying an additional 5,097 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.11% of Louisiana-Pacific worth $7,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Louisiana-Pacific in the 4th quarter worth $3,020,000. Mariner LLC increased its holdings in shares of Louisiana-Pacific by 9.3% in the fourth quarter. Mariner LLC now owns 8,339 shares of the building manufacturing company's stock worth $864,000 after purchasing an additional 708 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Louisiana-Pacific in the fourth quarter worth about $3,636,000. Nebula Research & Development LLC bought a new position in Louisiana-Pacific during the fourth quarter valued at approximately $509,000. Finally, Coldstream Capital Management Inc. boosted its stake in Louisiana-Pacific by 2.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock valued at $383,000 after buying an additional 95 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 1,179 shares of the company's stock in a transaction that occurred on 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 approximately $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $50,500.00. Following the sale, the director directly owned 29,728 shares of the company's stock, 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 owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Royal Bank Of Canada lifted their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Truist Financial lowered 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, DA Davidson reduced their target price 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. 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $106.13.

Louisiana-Pacific Stock Down 1.6%

Shares of LPX opened at $97.44 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $91.50 and a 200 day moving average of $92.21. The company has a market cap of $6.79 billion, a PE ratio of 22.98, a P/E/G ratio of 2.21 and a beta of 1.80. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted 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. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The business 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 business posted $2.09 earnings per share. The business's revenue was down 7.2% compared to the same quarter last year. On average, sell-side analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

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

About Louisiana-Pacific

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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