Louisiana-Pacific Corporation $LPX Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Louisiana-Pacific Corporation by 5.1%, owning approximately 1.73% of the company valued at $110.48 million following the sale of 65,022 shares.
• Louisiana-Pacific announced a quarterly dividend of $0.28 per share, yielding 1.2%, with a payout ratio of 26.42%.
• The company reported earnings of $0.99 per share for the last quarter, beating estimates slightly, even though its revenue decreased by 7.2% year-over-year to $755 million.

Jacobs Levy Equity Management Inc. lessened its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,201,123 shares of the building manufacturing company's stock after selling 65,022 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.73% of Louisiana-Pacific worth $110,479,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LPX. CWM LLC increased its position in Louisiana-Pacific by 4.1% during the 1st quarter. CWM LLC now owns 2,919 shares of the building manufacturing company's stock worth $268,000 after purchasing an additional 115 shares in the last quarter. Xponance Inc. boosted its stake in Louisiana-Pacific by 1.1% in the 1st quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company's stock worth $1,046,000 after buying an additional 127 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in Louisiana-Pacific by 3.1% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,658 shares of the building manufacturing company's stock worth $425,000 after buying an additional 140 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Louisiana-Pacific by 2.2% in the 1st quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company's stock worth $732,000 after buying an additional 170 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC boosted its stake in Louisiana-Pacific by 7.3% in the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 2,543 shares of the building manufacturing company's stock worth $234,000 after buying an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Truist Financial decreased their price target on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. DA Davidson reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Finally, Wall Street Zen lowered Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of "Hold" and a consensus price target of $106.13.

Louisiana-Pacific Stock Up 0.4%

Shares of NYSE:LPX traded up $0.42 during mid-day trading on Wednesday, hitting $96.14. 126,341 shares of the company traded hands, compared to its average volume of 748,136. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week high of $122.87. The firm's 50 day simple moving average is $93.16 and its 200 day simple moving average is $91.30. The firm has a market cap of $6.70 billion, a P/E ratio of 22.68, a PEG ratio of 2.21 and a beta of 1.84.

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

Louisiana-Pacific Announces Dividend

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

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 stock was sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the transaction, the director directly owned 29,728 shares in the company, valued at $3,002,528. This represents a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is currently owned by insiders.

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.