Lincoln Capital LLC Takes Position in 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 bought a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,275 shares of the building manufacturing company's stock, valued at approximately $2,126,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Louisiana-Pacific by 18.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company's stock worth $12,486,000 after acquiring an additional 21,462 shares during the period. CCM Investment Group LLC bought a new stake in shares of Louisiana-Pacific in the 1st quarter worth approximately $633,000. Sierra Summit Advisors LLC bought a new stake in shares of Louisiana-Pacific in the 1st quarter worth approximately $511,000. Putney Financial Group LLC bought a new stake in shares of Louisiana-Pacific in the 4th quarter worth approximately $389,000. Finally, Mackenzie Financial Corp boosted its position in shares of Louisiana-Pacific by 331.7% in the 1st quarter. Mackenzie Financial Corp now owns 44,034 shares of the building manufacturing company's stock worth $4,050,000 after purchasing an additional 33,833 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. DA Davidson dropped their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Wall Street Zen cut Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Loop Capital raised 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. Royal Bank Of Canada boosted their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Truist Financial dropped their price target on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. 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. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of "Hold" and an average price target of $106.13.

Louisiana-Pacific Stock Down 5.7%

LPX stock traded down $5.5750 during midday trading on Wednesday, hitting $92.9250. The company's stock had a trading volume of 1,072,262 shares, compared to its average volume of 867,114. The company has a market cap of $6.47 billion, a PE ratio of 21.92, a P/E/G ratio of 2.20 and a beta of 1.80. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The firm's 50-day moving average is $90.79 and its 200-day moving average is $92.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $755.00 million for the quarter, compared to analysts' expectations of $751.15 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The firm's quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.09 EPS. On average, equities research analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 15th. Louisiana-Pacific's dividend payout ratio is presently 26.42%.

Insider Buying and Selling at Louisiana-Pacific

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