Louisiana-Pacific Corporation $LPX Shares Bought by Cwm LLC

Cwm LLC boosted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 132.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,778 shares of the building manufacturing company's stock after acquiring an additional 3,859 shares during the period. Cwm LLC's holdings in Louisiana-Pacific were worth $583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LPX. State of Alaska Department of Revenue grew its holdings in Louisiana-Pacific by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 7,325 shares of the building manufacturing company's stock worth $673,000 after acquiring an additional 195 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Louisiana-Pacific during the 1st quarter worth approximately $317,000. Cambridge Investment Research Advisors Inc. grew its holdings in Louisiana-Pacific by 12.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,482 shares of the building manufacturing company's stock worth $320,000 after acquiring an additional 396 shares in the last quarter. Moran Wealth Management LLC grew its holdings in Louisiana-Pacific by 4.7% during the 1st quarter. Moran Wealth Management LLC now owns 6,447 shares of the building manufacturing company's stock worth $593,000 after acquiring an additional 289 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in 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 in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Insider Buying and Selling

In related news, Director Ozey K. Horton, Jr. sold 500 shares of the company's 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 completion of the sale, the director owned 29,728 shares in the company, valued at $3,002,528. This represents a 1.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on LPX. Zacks Research upgraded shares of Louisiana-Pacific from a "strong sell" rating to a "hold" rating in a report on Friday, October 10th. Vertical Research initiated coverage on shares of Louisiana-Pacific in a research report on Monday. They set a "buy" rating for the company. DA Davidson restated a "buy" rating and set a $117.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, September 25th. Weiss Ratings restated a "hold (c)" rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. Finally, Truist Financial reduced their price objective 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. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Louisiana-Pacific has a consensus rating of "Hold" and an average price target of $110.57.

Louisiana-Pacific Stock Up 0.3%

LPX stock opened at $90.67 on Friday. The company has a fifty day moving average price of $92.41 and a 200 day moving average price of $90.60. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 21.38, 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.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS 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 the consensus estimate of $751.15 million. During the same quarter in the prior year, the firm earned $2.09 EPS. Louisiana-Pacific's revenue for the quarter was down 7.2% on a year-over-year basis. Sell-side analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.28 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.12 annualized dividend and a yield of 1.2%. Louisiana-Pacific's dividend payout ratio is 26.42%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.