Lincoln Capital LLC Buys Shares of 25,275 Louisiana-Pacific Corporation $LPX

Key Points

• Lincoln Capital LLC has made a new investment in Louisiana-Pacific Corporation, purchasing 25,275 shares valued at approximately $2.13 million.
• Institutional investors and hedge funds own a significant majority of Louisiana-Pacific's stock, with a total ownership percentage of 94.73%.
• Louisiana-Pacific announced a quarterly dividend of $0.28 per share, with the ex-dividend date set for August 15th, representing a 1.1% yield.

Lincoln Capital LLC purchased a new stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 25,275 shares of the building manufacturing company's stock, valued at approximately $2,126,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alyeska Investment Group L.P. increased its stake 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 worth $92,299,000 after buying an additional 842,809 shares in the last quarter. Allianz Asset Management GmbH increased its stake 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 worth $62,746,000 after buying an additional 488,458 shares in the last quarter. Palestra Capital Management LLC purchased a new stake in Louisiana-Pacific during the 4th quarter worth approximately $34,521,000. Point72 Asset Management L.P. increased its stake in Louisiana-Pacific by 430.3% during the 4th quarter. Point72 Asset Management L.P. now owns 375,900 shares of the building manufacturing company's stock worth $38,924,000 after buying an additional 305,021 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Louisiana-Pacific during the 1st quarter worth approximately $25,409,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on LPX shares. Wall Street Zen lowered Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Truist Financial cut their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Royal Bank Of Canada boosted their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. 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. Finally, 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. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $106.13.

Louisiana-Pacific Trading Up 7.6%

LPX traded up $7.0040 during trading hours on Friday, reaching $99.4340. The company's stock had a trading volume of 1,315,454 shares, compared to its average volume of 934,619. 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 $6.92 billion, a PE ratio of 23.45, a P/E/G ratio of 2.06 and a beta of 1.80. The business's 50-day moving average is $91.06 and its 200-day moving average is $92.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67.

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 firm had revenue of $755.00 million for the quarter, compared to analysts' expectations of $751.15 million. During the same period in the prior year, the firm posted $2.09 earnings per share. The firm's quarterly revenue was down 7.2% 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 fiscal year.

Louisiana-Pacific Announces Dividend

The firm 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. The ex-dividend date is Friday, August 15th. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. Louisiana-Pacific's dividend payout ratio is currently 26.42%.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 1,179 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the transaction, the director directly owned 18,838 shares in the company, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ozey K. Horton, Jr. sold 500 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the transaction, the director owned 29,728 shares in the company, valued at $3,002,528. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

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.