Dimensional Fund Advisors LP Has $147.21 Million Stake in Louisiana-Pacific Corporation $LPX

Key Points

• Dimensional Fund Advisors LP reduced its stake in Louisiana-Pacific Corporation by 5.8%, selling 98,763 shares, and now holds 1,600,592 shares valued at approximately $147.2 million.
• Louisiana-Pacific Corporation's stock is currently down 5.7%, and the company reported a quarterly EPS of $0.99, which exceeded analysts' expectations.
• The company announced a quarterly dividend of $0.28, which will be paid to stockholders on August 29th, representing a 1.2% dividend yield.

Dimensional Fund Advisors LP reduced its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 5.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,600,592 shares of the building manufacturing company's stock after selling 98,763 shares during the quarter. Dimensional Fund Advisors LP owned about 2.30% of Louisiana-Pacific worth $147,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. 59 North Capital Management LP increased its holdings in Louisiana-Pacific by 13.4% in the 4th quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company's stock valued at $205,322,000 after purchasing an additional 235,069 shares in the last quarter. Eminence Capital LP grew its stake in shares of Louisiana-Pacific by 7.7% during the fourth quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company's stock valued at $149,641,000 after acquiring an additional 102,897 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Louisiana-Pacific by 2.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,266,145 shares of the building manufacturing company's stock worth $131,109,000 after purchasing an additional 24,285 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Louisiana-Pacific by 1,736.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock worth $92,299,000 after purchasing an additional 842,809 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Louisiana-Pacific by 27.1% during the fourth quarter. Northern Trust Corp now owns 781,984 shares of the building manufacturing company's stock worth $80,974,000 after purchasing an additional 166,594 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on LPX shares. 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 objective 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. Royal Bank Of Canada raised their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial decreased their price target on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock 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 objective on the stock in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Louisiana-Pacific currently has a consensus rating of "Hold" and a consensus target price of $106.13.

Insider Transactions 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 of the company's stock, valued at $1,686,377.76. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 500 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $3,002,528. This trade represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

Louisiana-Pacific Stock Performance

LPX traded down $1.63 during trading on Tuesday, hitting $97.44. The stock had a trading volume of 1,490,681 shares, compared to its average volume of 1,002,437. The company has a 50 day simple moving average of $91.50 and a 200-day simple moving average of $92.21. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The firm 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 (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 (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 the consensus estimate of $751.15 million. During the same quarter in the previous year, the firm posted $2.09 EPS. The business's revenue was down 7.2% compared to the same quarter last year. Analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors 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 dividend on an annualized basis and a yield of 1.1%. Louisiana-Pacific's payout ratio 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.