Envestnet Asset Management Inc. Has $15.44 Million Holdings in Louisiana-Pacific Corporation (NYSE:LPX)

Envestnet Asset Management Inc. increased its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 15.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,818 shares of the building manufacturing company's stock after buying an additional 23,032 shares during the period. Envestnet Asset Management Inc. owned 0.24% of Louisiana-Pacific worth $15,436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LPX. Raymond James Financial Inc. acquired a new stake in shares of Louisiana-Pacific in the 4th quarter valued at about $3,020,000. Commonwealth Equity Services LLC grew its position in Louisiana-Pacific by 33.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,554 shares of the building manufacturing company's stock valued at $989,000 after purchasing an additional 2,376 shares during the period. Natixis Advisors LLC raised its holdings in Louisiana-Pacific by 0.6% during the fourth quarter. Natixis Advisors LLC now owns 29,753 shares of the building manufacturing company's stock worth $3,081,000 after buying an additional 188 shares during the last quarter. Xponance Inc. grew its holdings in shares of Louisiana-Pacific by 5.0% during the fourth quarter. Xponance Inc. now owns 11,243 shares of the building manufacturing company's stock valued at $1,164,000 after buying an additional 539 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Louisiana-Pacific during the fourth quarter worth about $507,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of the 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX opened at $88.64 on Friday. The company has a market capitalization of $6.17 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.39 and a beta of 1.84. Louisiana-Pacific Corporation has a 1 year low of $78.82 and a 1 year high of $122.87. The company's fifty day moving average price is $90.57 and its 200 day moving average price is $96.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS. On average, research analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.26%. Louisiana-Pacific's payout ratio is currently 19.65%.

Analysts Set New Price Targets

LPX has been the subject of a number of recent research reports. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a report on Wednesday, May 7th. Truist Financial lowered their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. 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 report on Wednesday, May 7th. Finally, 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 report on Wednesday, June 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific presently has an average rating of "Hold" and an average target price 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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