KLCM Advisors Inc. Purchases Shares of 76,358 Louisiana-Pacific Corporation $LPX

Key Points

• KLCM Advisors Inc. opened a new position in Louisiana‑Pacific by purchasing 76,358 shares in Q3, worth about $6.78 million and equal to roughly 0.11% of the company.
• Several large funds—including Eminence Capital, Victory Capital, Invesco, AQR and Norges Bank—significantly increased their stakes, leaving institutional investors with 94.73% ownership of LPX.
• Louisiana‑Pacific beat quarterly EPS expectations ($0.03 vs. -$0.06 est) despite revenue falling 16.7% year‑over‑year, and raised its quarterly dividend to $0.30 (a $1.20 annualized payout, ~1.6% yield).

KLCM Advisors Inc. acquired a new position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 76,358 shares of the building manufacturing company's stock, valued at approximately $6,784,000. KLCM Advisors Inc. owned 0.11% of Louisiana-Pacific as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eminence Capital LP lifted its holdings in Louisiana-Pacific by 72.3% in the 2nd quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company's stock worth $248,291,000 after purchasing an additional 1,211,495 shares in the last quarter. Norges Bank purchased a new stake in Louisiana-Pacific during the 2nd quarter valued at approximately $72,299,000. Victory Capital Management Inc. raised its position in shares of Louisiana-Pacific by 674.8% during the third quarter. Victory Capital Management Inc. now owns 698,646 shares of the building manufacturing company's stock valued at $62,068,000 after buying an additional 608,480 shares during the last quarter. Invesco Ltd. boosted its position in shares of Louisiana-Pacific by 94.8% during the second quarter. Invesco Ltd. now owns 1,028,250 shares of the building manufacturing company's stock worth $88,419,000 after acquiring an additional 500,449 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Louisiana-Pacific by 65.2% during the second quarter. AQR Capital Management LLC now owns 594,896 shares of the building manufacturing company's stock valued at $51,155,000 after acquiring an additional 234,734 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Down 2.3%

Shares of NYSE:LPX opened at $77.06 on Thursday. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 36.87 and a beta of 1.78. Louisiana-Pacific Corporation has a 12 month low of $73.42 and a 12 month high of $102.86. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $87.56 and a 200 day moving average price of $87.08.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The company had revenue of $567.00 million for the quarter, compared to analysts' expectations of $589.96 million. During the same period in the previous year, the firm posted $1.03 earnings per share. The firm's revenue for the quarter was down 16.7% on a year-over-year basis. As a group, equities research analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, February 27th. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.28. Louisiana-Pacific's payout ratio is currently 53.59%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LPX shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Louisiana-Pacific in a report on Monday, December 29th. Truist Financial boosted their target price on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a "buy" rating in a research report on Tuesday, January 6th. Barclays raised their price target on Louisiana-Pacific from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, January 15th. DA Davidson lowered their target price on Louisiana-Pacific from $117.00 to $114.00 and set a "buy" rating for the company in a research report on Monday, February 23rd. Finally, Oppenheimer reissued an "outperform" rating on shares of Louisiana-Pacific in a report on Tuesday, March 3rd. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Louisiana-Pacific has an average rating of "Moderate Buy" and an average price target of $105.83.

Insider Buying and Selling

In related news, Director Lizanne M. Bruce sold 1,300 shares of Louisiana-Pacific stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total transaction of $102,167.00. Following the completion of the sale, the director owned 17,160 shares in the company, valued at $1,348,604.40. This trade represents a 7.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director F Nicholas Grasberger III purchased 20,000 shares of the firm's stock in a transaction dated Thursday, February 19th. The shares were bought at an average cost of $85.49 per share, with a total value of $1,709,800.00. Following the purchase, the director directly owned 38,954 shares of the company's stock, valued at approximately $3,330,177.46. This represents a 105.52% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 157,142 shares of company stock valued at $14,015,145 in the last ninety days. 1.42% of the stock is owned by company insiders.

About Louisiana-Pacific

Louisiana-Pacific Corporation NYSE: LPX is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.

Want to see what other hedge funds are holding LPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Louisiana-Pacific Corporation (NYSE:LPX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.