Graham Capital Management L.P. Cuts Position in Louisiana-Pacific Corporation $LPX

Key Points

• Graham Capital Management L.P. has reduced its stake in Louisiana-Pacific Corporation by 11.6%, now owning 32,968 shares valued at approximately $3,032,000.
• Institutional investors collectively own 94.73% of Louisiana-Pacific's stock, with notable increases in holdings from various firms like Allianz Asset Management and Point72 Asset Management.
• Louisiana-Pacific recently reported $0.99 earnings per share for the quarter, exceeding analysts' estimates, despite a 7.2% decline in quarterly revenue compared to the previous year.

Graham Capital Management L.P. decreased its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 11.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,968 shares of the building manufacturing company's stock after selling 4,330 shares during the period. Graham Capital Management L.P.'s holdings in Louisiana-Pacific were worth $3,032,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Louisiana-Pacific by 18.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company's stock worth $12,486,000 after buying an additional 21,462 shares during the last quarter. CCM Investment Group LLC purchased a new position in Louisiana-Pacific in the first quarter valued at $633,000. Sierra Summit Advisors LLC purchased a new position in Louisiana-Pacific in the first quarter valued at $511,000. American Century Companies Inc. grew its position in shares of Louisiana-Pacific by 1.4% in the first quarter. American Century Companies Inc. now owns 525,686 shares of the building manufacturing company's stock valued at $48,353,000 after purchasing an additional 7,381 shares during the period. Finally, Putney Financial Group LLC acquired a new stake in shares of Louisiana-Pacific in the fourth quarter valued at about $389,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LPX. Royal Bank Of Canada lifted their target price 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. Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target 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, Truist Financial cut their target price 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. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $106.13.

Louisiana-Pacific Stock Performance

NYSE:LPX traded down $0.26 during trading hours on Wednesday, reaching $92.95. 479,684 shares of the company's stock were exchanged, compared to its average volume of 986,712. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 2.12 and a beta of 1.84. The company has a 50-day moving average of $92.41 and a 200 day moving average of $91.60. 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 Corporation has a 1-year low of $78.82 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly 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 during 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%. Louisiana-Pacific's quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 EPS. Research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, August 15th. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. Louisiana-Pacific's dividend payout ratio is currently 26.42%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of the company's stock in a transaction 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 completion of the transaction, the director owned 29,728 shares in the company, valued at approximately $3,002,528. This represents a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lizanne C. Gottung sold 1,179 shares of the company's stock in a transaction 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. The trade was a 5.89% decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

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.