Louisiana-Pacific Corporation (NYSE:LPX) is Greenhaven Road Investment Management L.P.'s 6th Largest Position

Greenhaven Road Investment Management L.P. raised its stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 28.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,917 shares of the building manufacturing company's stock after buying an additional 43,300 shares during the period. Louisiana-Pacific comprises about 7.3% of Greenhaven Road Investment Management L.P.'s portfolio, making the stock its 6th biggest position. Greenhaven Road Investment Management L.P. owned 0.28% of Louisiana-Pacific worth $17,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in LPX. Allspring Global Investments Holdings LLC raised its stake in Louisiana-Pacific by 18.6% during the 1st 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 period. Putney Financial Group LLC bought a new stake in Louisiana-Pacific during the 4th quarter worth approximately $389,000. QRG Capital Management Inc. bought a new stake in Louisiana-Pacific during the 1st quarter worth approximately $1,379,000. Envestnet Portfolio Solutions Inc. bought a new stake in Louisiana-Pacific during the 1st quarter worth approximately $317,000. Finally, Icon Advisers Inc. Co. bought a new stake in Louisiana-Pacific during the 4th quarter worth approximately $2,040,000. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Shares of LPX stock traded up $0.48 on Wednesday, reaching $89.37. The company's stock had a trading volume of 81,788 shares, compared to its average volume of 682,625. The company has a quick ratio of 1.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Corporation has a 12-month low of $78.82 and a 12-month high of $122.87. The company has a market capitalization of $6.22 billion, a P/E ratio of 15.64, a PEG ratio of 1.47 and a beta of 1.84. The stock's 50 day simple moving average is $90.24 and its 200-day simple moving average is $95.65.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. The business had revenue of $724.00 million for the quarter, compared to the consensus estimate of $711.66 million. During the same quarter last year, the business posted $1.53 earnings per share. The company's revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.25%. Louisiana-Pacific's payout ratio is presently 19.65%.

Wall Street Analyst Weigh In

A number of analysts have commented on LPX shares. 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. Royal Bank Of Canada upped their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. DA Davidson reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. Truist Financial reduced their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a report on Friday, July 11th. Finally, Wall Street Zen lowered Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $106.13.

Insider Activity

In related news, Director Lizanne C. Gottung sold 1,179 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the sale, the director directly owned 18,838 shares of the company's stock, valued at $1,686,377.76. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is owned by insiders.

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.