Louisiana-Pacific Corporation (NYSE:LPX) Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC increased its holdings in Louisiana-Pacific Corporation by 38.4% in Q1, acquiring an additional 24,313 shares to own a total of 87,642 shares.
• Louisiana-Pacific declared a quarterly dividend of $0.28 per share, which will be paid on August 29th, representing a 1.2% dividend yield.
• Despite reporting Q2 earnings of $0.99 per share and a revenue of $755 million, the company's quarterly revenue was down 7.2% year-over-year.

LPL Financial LLC boosted its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 38.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,642 shares of the building manufacturing company's stock after purchasing an additional 24,313 shares during the quarter. LPL Financial LLC owned approximately 0.13% of Louisiana-Pacific worth $8,061,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Louisiana-Pacific by 76.1% in the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after purchasing an additional 242 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Louisiana-Pacific by 41.5% during the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock valued at $96,000 after acquiring an additional 305 shares in the last quarter. GeoWealth Management LLC increased its holdings in shares of Louisiana-Pacific by 1,184.9% during the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after acquiring an additional 865 shares in the last quarter. Covestor Ltd increased its holdings in shares of Louisiana-Pacific by 142.6% during the fourth quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock valued at $108,000 after acquiring an additional 613 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Louisiana-Pacific by 67.2% during the first quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock valued at $111,000 after acquiring an additional 484 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LPX shares. Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Truist Financial cut their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Royal Bank Of Canada upped their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, DA Davidson cut their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific has a consensus rating of "Hold" and a consensus price target of $106.13.

Louisiana-Pacific Price Performance

Shares of LPX stock traded up $5.59 during trading hours on Tuesday, hitting $95.63. 1,339,503 shares of the company's stock were exchanged, compared to its average volume of 740,300. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The firm has a market cap of $6.66 billion, a P/E ratio of 22.55, a P/E/G ratio of 2.01 and a beta of 1.80. The firm has a 50 day moving average of $89.93 and a two-hundred day moving average of $93.50. Louisiana-Pacific Corporation has a fifty-two week low of $78.82 and a fifty-two week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. The business had revenue of $755.00 million during the quarter, compared to the consensus estimate of $751.15 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%. The company's revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the company earned $2.09 EPS. Sell-side analysts forecast 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 will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 15th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 26.42%.

Insider Activity

In other news, Director Lizanne C. Gottung sold 1,179 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total transaction of $105,544.08. Following the sale, the director owned 18,838 shares of the company's stock, valued at approximately $1,686,377.76. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company's stock.

About Louisiana-Pacific

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.