Fox Run Management L.L.C. Purchases 6,189 Shares of Louisiana-Pacific Corporation $LPX

Key Points

• Fox Run Management L.L.C. increased its stake in Louisiana-Pacific Corporation by 191.6% in Q1, acquiring a total of 9,420 shares valued at $866,000.
• Louisiana-Pacific announced a quarterly dividend of $0.28 per share, representing an annualized dividend of $1.12 with a yield of 1.1%.
• As of the latest earnings report, Louisiana-Pacific reported $0.99 EPS, surpassing estimates, while revenue for the quarter decreased 7.2% year-over-year.

Fox Run Management L.L.C. boosted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 191.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,420 shares of the building manufacturing company's stock after buying an additional 6,189 shares during the period. Fox Run Management L.L.C.'s holdings in Louisiana-Pacific were worth $866,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. 59 North Capital Management LP grew its stake in Louisiana-Pacific by 13.4% during the fourth quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company's stock worth $205,322,000 after buying an additional 235,069 shares in the last quarter. Eminence Capital LP grew its stake in 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 worth $149,641,000 after buying an additional 102,897 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in 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 buying an additional 24,285 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in 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 buying an additional 842,809 shares in the last quarter. Finally, Northern Trust Corp grew its stake in 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 buying an additional 166,594 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Down 5.5%

NYSE:LPX traded down $5.37 during mid-day trading on Wednesday, hitting $93.13. 480,224 shares of the company's stock were exchanged, compared to its average volume of 737,423. The company has a 50 day simple moving average of $90.71 and a 200-day simple moving average of $92.94. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. The firm has a market capitalization of $6.49 billion, a P/E ratio of 21.99, a PEG ratio of 2.17 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 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 business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $751.15 million. During the same period last year, the company earned $2.09 EPS. The firm's revenue was down 7.2% compared to the same quarter last year. As a group, research analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

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 given a dividend of $0.28 per share. The ex-dividend date is Friday, August 15th. This represents a $1.12 annualized dividend and a yield of 1.2%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 26.42%.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of Louisiana-Pacific stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the sale, the director directly owned 18,838 shares in the company, valued at $1,686,377.76. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ozey K. Horton, Jr. sold 500 shares of Louisiana-Pacific stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total transaction of $50,500.00. Following the sale, the director owned 29,728 shares in the company, valued at approximately $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 company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of 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 increased their price objective on shares of 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 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 note on Wednesday, May 7th. DA Davidson reduced their price target 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. Finally, Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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.