Dimensional Fund Advisors LP Sells 98,763 Shares of 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 trimmed its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 2.30% of Louisiana-Pacific worth $147,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Louisiana-Pacific in the fourth quarter valued at about $3,020,000. Barclays PLC raised its stake in Louisiana-Pacific by 129.9% in the 4th quarter. Barclays PLC now owns 82,980 shares of the building manufacturing company's stock worth $8,594,000 after purchasing an additional 46,891 shares in the last quarter. Mariner LLC boosted its holdings in 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. CANADA LIFE ASSURANCE Co grew its position in shares of Louisiana-Pacific by 17.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 58,669 shares of the building manufacturing company's stock worth $6,074,000 after purchasing an additional 8,540 shares in the last quarter. Finally, GeoWealth Management LLC grew its position in shares of Louisiana-Pacific by 1,184.9% during the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after purchasing an additional 865 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Stock Down 5.7%

NYSE LPX opened at $92.9250 on Thursday. The business has a fifty day moving average price of $90.79 and a two-hundred day moving average price of $92.94. The stock has a market capitalization of $6.47 billion, a PE ratio of 21.92, a PEG ratio of 2.20 and a beta of 1.80. 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 current ratio of 2.84 and a quick ratio of 1.67.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The company had revenue of $755.00 million during the quarter, compared to analysts' expectations of $751.15 million. During the same quarter in the previous year, the firm earned $2.09 EPS. Louisiana-Pacific's revenue was down 7.2% on a year-over-year basis. Equities analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business 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 $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 dividend yield of 1.2%. Louisiana-Pacific's dividend payout ratio is 26.42%.

Insider Buying and Selling

In related news, Director Ozey K. Horton, Jr. sold 500 shares of Louisiana-Pacific stock in a transaction that occurred 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 sale, the director directly owned 29,728 shares of the company's stock, valued at approximately $3,002,528. The trade was a 1.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. 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. Wall Street Zen cut Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. DA Davidson cut their target price on 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 decreased their price target on 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, Royal Bank Of Canada boosted their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. 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. Based on data from MarketBeat, the stock presently has an average 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.

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