Jacobs Levy Equity Management Inc. Reduces Position in Louisiana-Pacific Corporation $LPX

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. lowered its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 5.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,201,123 shares of the building manufacturing company's stock after selling 65,022 shares during the period. 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 hedge funds and other institutional investors have also made changes to their positions in LPX. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Louisiana-Pacific by 56.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,783 shares of the building manufacturing company's stock valued at $909,000 after purchasing an additional 3,162 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Louisiana-Pacific by 11.6% in the 4th quarter. Ameriprise Financial Inc. now owns 211,917 shares of the building manufacturing company's stock valued at $21,944,000 after purchasing an additional 22,072 shares during the last quarter. Centiva Capital LP bought a new stake in shares of Louisiana-Pacific in the 4th quarter valued at approximately $540,000. Cetera Investment Advisers lifted its stake in shares of Louisiana-Pacific by 202.3% in the 4th quarter. Cetera Investment Advisers now owns 28,603 shares of the building manufacturing company's stock valued at $2,962,000 after purchasing an additional 19,140 shares during the last quarter. Finally, Concentric Capital Strategies LP bought a new stake in shares of Louisiana-Pacific in the 4th quarter valued at approximately $2,796,000. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Down 3.5%

LPX stock traded down $3.46 during trading on Tuesday, hitting $95.82. 431,276 shares of the company's stock traded hands, compared to its average volume of 751,797. The firm has a market capitalization of $6.67 billion, a P/E ratio of 22.60, a PEG ratio of 2.21 and a beta of 1.84. The business has a fifty day simple moving average of $93.07 and a two-hundred day simple moving average of $91.27. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 1 year low of $78.82 and a 1 year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued 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 company had revenue of $755.00 million for the quarter, compared to analyst estimates of $751.15 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. Louisiana-Pacific's revenue was down 7.2% compared to the same quarter last year. During the same period last year, the company posted $2.09 earnings per share. Sell-side analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

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

Insider Activity at Louisiana-Pacific

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

Analyst Upgrades and Downgrades

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

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.