Hsbc Holdings PLC Reduces Position in Louisiana-Pacific Corporation $LPX

Key Points

• Hsbc Holdings PLC reduced its holdings in Louisiana-Pacific Corporation (LPX) by 28.6%, now owning 8,916 shares worth about $820,000.
• Louisiana-Pacific recently declared a quarterly dividend of $0.28 per share, representing an annualized yield of 1.2%.
• The company's quarterly earnings released on August 6 showed $0.99 earnings per share, beating expectations and indicating a 10.34% net margin.

Hsbc Holdings PLC reduced its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 28.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,916 shares of the building manufacturing company's stock after selling 3,571 shares during the period. Hsbc Holdings PLC's holdings in Louisiana-Pacific were worth $820,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Eminence Capital LP increased its stake in Louisiana-Pacific by 7.7% in the 4th quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company's stock valued at $149,641,000 after purchasing an additional 102,897 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Louisiana-Pacific by 2.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,266,145 shares of the building manufacturing company's stock valued at $131,109,000 after buying an additional 24,285 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in Louisiana-Pacific by 1,736.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock valued at $92,299,000 after buying an additional 842,809 shares during the last quarter. Northern Trust Corp grew its holdings in Louisiana-Pacific by 27.1% during the 4th quarter. Northern Trust Corp now owns 781,984 shares of the building manufacturing company's stock valued at $80,974,000 after buying an additional 166,594 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Louisiana-Pacific by 252.2% during the 1st quarter. Allianz Asset Management GmbH now owns 682,164 shares of the building manufacturing company's stock valued at $62,746,000 after buying an additional 488,458 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LPX shares. DA Davidson lowered their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Truist Financial lowered their target price on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada increased 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. Finally, Wall Street Zen cut Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $106.13.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of the business's stock in a transaction dated 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 in the company, 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 this hyperlink. Also, Director Ozey K. Horton, Jr. sold 500 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following 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 disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

Louisiana-Pacific Trading Down 0.3%

Shares of LPX stock traded down $0.26 during mid-day trading on Wednesday, hitting $92.95. 479,684 shares of the company's stock were exchanged, compared to its average volume of 751,165. Louisiana-Pacific Corporation has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.12 and a beta of 1.84. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $92.30 and a two-hundred day simple moving average of $91.60.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The firm had revenue of $755.00 million for the quarter, compared to analysts' expectations of $751.15 million. During the same quarter last year, the firm earned $2.09 earnings per share. The firm's revenue for the quarter was down 7.2% compared to the same quarter last year. Equities analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were 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 was Friday, August 15th. Louisiana-Pacific's payout ratio is currently 26.42%.

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.