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

Several other institutional investors and hedge funds have also recently modified their holdings of LPX. UMB Bank n.a. increased its holdings in Louisiana-Pacific by 76.1% during the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after purchasing an additional 242 shares during the period. GeoWealth Management LLC increased its holdings in Louisiana-Pacific by 1,184.9% during the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after purchasing an additional 865 shares during the period. Fifth Third Bancorp increased its holdings in Louisiana-Pacific by 41.5% during the 1st quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock worth $96,000 after purchasing an additional 305 shares during the period. First Horizon Advisors Inc. increased its holdings in Louisiana-Pacific by 67.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock worth $111,000 after purchasing an additional 484 shares during the period. Finally, TD Waterhouse Canada Inc. increased its holdings in Louisiana-Pacific by 31.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,681 shares of the building manufacturing company's stock worth $174,000 after purchasing an additional 399 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LPX. Truist Financial cut their price target on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Wall Street Zen downgraded Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada upped their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, DA Davidson cut their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $106.13.

Louisiana-Pacific Stock Up 6.6%

Shares of LPX traded up $6.11 during mid-day trading on Friday, reaching $98.54. The company's stock had a trading volume of 355,096 shares, compared to its average volume of 741,747. Louisiana-Pacific Corporation has a 12-month low of $78.82 and a 12-month high of $122.87. The stock has a market cap of $6.86 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 2.07 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. The company's 50 day moving average is $90.83 and its 200 day moving average is $92.76.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS 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 business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $751.15 million. During the same quarter in the prior year, the business posted $2.09 EPS. The business's revenue for the quarter was down 7.2% on a year-over-year basis. 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 announced 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 dividend yield of 1.1%. Louisiana-Pacific's dividend payout ratio is 26.42%.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 500 shares of the company'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 completion of the sale, the director directly owned 29,728 shares of the company's stock, valued at $3,002,528. This represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lizanne C. Gottung sold 1,179 shares of the company's 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 completion of the sale, the director directly owned 18,838 shares of the company's stock, valued at approximately $1,686,377.76. This trade represents a 5.89% decrease in their ownership of the stock. 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.