Louisiana-Pacific Corporation (NYSE:LPX) Shares Bought by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in Louisiana-Pacific Corporation by 114.4%, holding 6,754 shares valued at approximately $621,000 as of the latest filing.
• Louisiana-Pacific recently announced a quarterly dividend of $0.28, with an annualized yield of 1.2%, scheduled for payment on August 29th.
• Wall Street analysts have varied ratings for LPX, with recent upgrades and downgrades, resulting in an average target price of $106.13 and an overall "Hold" rating.

GSA Capital Partners LLP lifted its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 114.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,754 shares of the building manufacturing company's stock after purchasing an additional 3,604 shares during the period. GSA Capital Partners LLP's holdings in Louisiana-Pacific were worth $621,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Louisiana-Pacific by 148.6% during the fourth quarter. LPL Financial LLC now owns 63,329 shares of the building manufacturing company's stock worth $6,558,000 after purchasing an additional 37,856 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Louisiana-Pacific by 52.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,434 shares of the building manufacturing company's stock valued at $1,598,000 after purchasing an additional 5,284 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in Louisiana-Pacific in the 4th quarter valued at about $279,000. Prudential PLC raised its holdings in Louisiana-Pacific by 19.3% in the 4th quarter. Prudential PLC now owns 35,248 shares of the building manufacturing company's stock valued at $3,650,000 after acquiring an additional 5,691 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Louisiana-Pacific by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 54,396 shares of the building manufacturing company's stock valued at $5,633,000 after acquiring an additional 2,633 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Up 3.4%

Shares of Louisiana-Pacific stock traded up $3.16 during trading on Tuesday, hitting $94.99. 1,126,458 shares of the stock were exchanged, compared to its average volume of 605,943. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.57 and a beta of 1.80. The firm's 50-day moving average price is $89.71 and its 200 day moving average price is $94.32. Louisiana-Pacific Corporation has a 12-month low of $78.82 and a 12-month high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.03 and a quick ratio of 1.59.

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

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. Louisiana-Pacific's payout ratio is 19.65%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. 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 report on Wednesday, May 7th. DA Davidson dropped their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday. 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 report on Wednesday, May 7th. Finally, 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 note on Friday, July 11th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $106.13.

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 completion of the sale, the director directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is currently owned by company 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.