Louisiana-Pacific Corporation $LPX Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its holdings in Louisiana-Pacific Corporation by 103.2%, owning 527,801 shares valued at approximately $48.5 million following a purchase of 268,053 additional shares.
• The company recently declared a quarterly dividend of $0.28 per share, resulting in an annualized dividend of $1.12, which represents a 1.1% yield.
• Louisiana-Pacific's latest quarterly earnings report showed an EPS of $0.99, exceeding analysts' estimates, but revenue declined by 7.2% year-over-year to $755 million.

Invesco Ltd. increased its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 103.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 527,801 shares of the building manufacturing company's stock after purchasing an additional 268,053 shares during the quarter. Invesco Ltd. owned 0.76% of Louisiana-Pacific worth $48,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Coldstream Capital Management Inc. boosted its stake in shares of Louisiana-Pacific by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock valued at $383,000 after purchasing an additional 95 shares during the period. CWM LLC boosted its stake in shares of Louisiana-Pacific by 4.1% in the first quarter. CWM LLC now owns 2,919 shares of the building manufacturing company's stock valued at $268,000 after purchasing an additional 115 shares during the period. Xponance Inc. boosted its stake in shares of Louisiana-Pacific by 1.1% in the first quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company's stock valued at $1,046,000 after purchasing an additional 127 shares during the period. Kingswood Wealth Advisors LLC boosted its stake 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 purchasing an additional 140 shares during the period. Finally, Capital Advisory Group Advisory Services LLC boosted its stake 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 purchasing an additional 173 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

LPX stock traded down $5.5750 during trading on Wednesday, hitting $92.9250. 1,071,559 shares of the company's stock traded hands, compared to its average volume of 741,168. 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 52 week low of $78.82 and a 52 week high of $122.87. The stock has a fifty day moving average price of $90.71 and a two-hundred day moving average price of $92.94. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 2.17 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The firm had revenue of $755.00 million during the quarter, compared to analyst estimates of $751.15 million. During the same quarter in the previous 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. As a group, equities analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.28 dividend. 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 dividend payout ratio (DPR) is 26.42%.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of the stock in a transaction dated 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. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ozey K. Horton, Jr. sold 500 shares of the stock in a transaction dated 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 trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LPX has been the subject of several analyst reports. DA Davidson decreased their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Royal Bank Of Canada raised their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Truist Financial dropped their target price 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. 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 report on Wednesday, May 7th. Finally, Wall Street Zen downgraded Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $106.13.

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.