D.A. Davidson & CO. Has $3.06 Million Holdings in Louisiana-Pacific Corporation (NYSE:LPX)

D.A. Davidson & CO. lowered its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 10.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 33,279 shares of the building manufacturing company's stock after selling 3,838 shares during the period. D.A. Davidson & CO.'s holdings in Louisiana-Pacific were worth $3,061,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LPX. First Horizon Advisors Inc. boosted its holdings 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 acquiring an additional 484 shares during the period. Shilanski & Associates Inc. boosted its holdings in shares of Louisiana-Pacific by 7.3% during the first quarter. Shilanski & Associates Inc. now owns 19,366 shares of the building manufacturing company's stock worth $1,781,000 after acquiring an additional 1,314 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Louisiana-Pacific by 18.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company's stock worth $12,486,000 after acquiring an additional 21,462 shares during the period. Moran Wealth Management LLC boosted its holdings in shares of Louisiana-Pacific by 4.7% during the first quarter. Moran Wealth Management LLC now owns 6,447 shares of the building manufacturing company's stock worth $593,000 after acquiring an additional 289 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Louisiana-Pacific by 12.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,482 shares of the building manufacturing company's stock worth $320,000 after acquiring an additional 396 shares during the period. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded up $0.48 during midday trading on Tuesday, reaching $89.96. 494,558 shares of the company were exchanged, compared to its average volume of 694,166. The stock's 50-day moving average price is $90.25 and its 200-day moving average price is $96.67. The stock has a market cap of $6.26 billion, a P/E ratio of 15.78, a PEG ratio of 1.37 and a beta of 1.84. Louisiana-Pacific Corporation has a one year low of $78.82 and a one year high of $122.87. The company has a quick ratio of 1.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping 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 company's revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 earnings per share. On average, sell-side analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.24%. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of the company's 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 owned 18,838 shares in the company, valued at $1,686,377.76. This represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LPX shares. DA Davidson dropped their price target 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 dropped their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. 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 research report on Wednesday, May 7th. Finally, Royal Bank Of Canada lifted their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $106.63.

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.