Cetera Investment Advisers grew its stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 32.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,865 shares of the building manufacturing company's stock after purchasing an additional 9,262 shares during the period. Cetera Investment Advisers owned about 0.05% of Louisiana-Pacific worth $3,483,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of LPX. UMB Bank n.a. raised its stake in Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after buying an additional 242 shares during the last quarter. Fifth Third Bancorp boosted its stake in Louisiana-Pacific by 41.5% during the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock worth $96,000 after acquiring an additional 305 shares in the last quarter. GeoWealth Management LLC boosted its holdings in Louisiana-Pacific by 1,184.9% in the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after acquiring an additional 865 shares in the last quarter. Covestor Ltd raised its position 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 worth $108,000 after purchasing an additional 613 shares during the period. Finally, First Horizon Advisors Inc. grew its position in Louisiana-Pacific by 67.2% in the 1st quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock valued at $111,000 after purchasing an additional 484 shares during the period. 94.73% of the stock is currently owned by institutional investors.
Louisiana-Pacific Price Performance
LPX stock traded down $1.81 during mid-day trading on Wednesday, reaching $93.15. 2,406,619 shares of the company traded hands, compared to its average volume of 730,941. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week high of $122.87. The company has a market capitalization of $6.48 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.57 and a beta of 1.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.03 and a quick ratio of 1.59. The company has a fifty day moving average price of $89.71 and a 200-day moving average price of $94.32.
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 analysts' consensus estimates of $0.97 by $0.02. The firm had revenue of $755.00 million during the quarter, compared to analyst estimates of $751.15 million. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The business's revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.09 EPS. As a group, analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.
Louisiana-Pacific Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, August 15th. This represents a $1.12 annualized dividend and a yield of 1.2%. Louisiana-Pacific's payout ratio is presently 19.65%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on LPX shares. Royal Bank Of Canada raised their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research report on Wednesday, May 7th. Truist Financial reduced their target price on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a report on Friday, July 11th. DA Davidson cut their price target 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. Finally, Wall Street Zen cut shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $106.13.
Get Our Latest Stock Analysis on Louisiana-Pacific
Insider Transactions 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 shares were sold at an average price of $89.52, for a total value of $105,544.08. Following the transaction, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is currently owned by insiders.
Louisiana-Pacific Profile
(
Free Report)
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.
See Also

Before you consider Louisiana-Pacific, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Louisiana-Pacific wasn't on the list.
While Louisiana-Pacific currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.