Global Endowment Management LP Sells 9,757 Shares of Louisiana-Pacific Corporation $LPX

Key Points

• Global Endowment Management LP has significantly reduced its holdings in Louisiana-Pacific Corporation by 55% in the first quarter, now owning 7,967 shares valued at approximately $733,000.
• Multiple hedge funds have increased their stakes in Louisiana-Pacific, with UMB Bank n.a. raising its stake by 76.1%, while hedge funds collectively own 94.73% of the company's stock.
• Louisiana-Pacific announced a quarterly dividend of $0.28 per share, which represents an annualized yield of 1.1%, with the payout ratio currently at 26.42%.

Global Endowment Management LP lowered its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 55.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 7,967 shares of the building manufacturing company's stock after selling 9,757 shares during the period. Global Endowment Management LP's holdings in Louisiana-Pacific were worth $733,000 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. Coldstream Capital Management Inc. lifted its position in Louisiana-Pacific by 2.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock worth $383,000 after acquiring an additional 95 shares during the last quarter. CWM LLC lifted its position in Louisiana-Pacific by 4.1% during the first quarter. CWM LLC now owns 2,919 shares of the building manufacturing company's stock worth $268,000 after acquiring an additional 115 shares during the last quarter. Xponance Inc. lifted its position in Louisiana-Pacific by 1.1% during the first quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company's stock worth $1,046,000 after acquiring an additional 127 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of Louisiana-Pacific by 3.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 4,658 shares of the building manufacturing company's stock valued at $425,000 after buying an additional 140 shares in the last quarter. Finally, Capital Advisory Group Advisory Services LLC raised its position in shares of Louisiana-Pacific by 7.3% in the first quarter. Capital Advisory Group Advisory Services LLC now owns 2,543 shares of the building manufacturing company's stock valued at $234,000 after buying an additional 173 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded down $0.51 during midday trading on Thursday, reaching $92.31. 331,629 shares of the company were exchanged, compared to its average volume of 738,412. The stock's 50-day moving average price is $90.79 and its 200-day moving average price is $92.94. The stock has a market cap of $6.43 billion, a P/E ratio of 21.78, a PEG ratio of 2.20 and a beta of 1.80. 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 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 15th. Louisiana-Pacific's payout ratio is presently 26.42%.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 1,179 shares of the business's stock in a transaction on 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 500 shares of the business's stock in a transaction 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 completion of the sale, the director directly owned 29,728 shares in the company, valued at approximately $3,002,528. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. 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 the stock. 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. Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. 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. Truist Financial dropped their price target on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company 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 target for the company in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $106.13.

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.