Louisiana-Pacific Corporation $LPX Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Louisiana-Pacific Corporation by 2.5%, now holding 638,407 shares valued at approximately $58.72 million.
• Equities research analysts have mixed ratings for Louisiana-Pacific, with three analysts rating it as a sell, while four others classify it as a buy, resulting in a consensus rating of "Hold".
• The company announced a quarterly dividend of $0.28 per share, representing an annualized yield of 1.1%, after reporting a 7.2% decrease in year-over-year revenue.

Charles Schwab Investment Management Inc. cut its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 638,407 shares of the building manufacturing company's stock after selling 16,398 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.92% of Louisiana-Pacific worth $58,721,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Coldstream Capital Management Inc. increased its stake in shares of Louisiana-Pacific by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock worth $383,000 after buying an additional 95 shares during the period. CWM LLC boosted its holdings in shares of Louisiana-Pacific by 4.1% during the 1st quarter. CWM LLC now owns 2,919 shares of the building manufacturing company's stock valued at $268,000 after buying an additional 115 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Louisiana-Pacific by 1.1% during the 1st quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company's stock valued at $1,046,000 after buying an additional 127 shares in 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 purchasing an additional 140 shares in 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 purchasing an additional 173 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Down 5.7%

LPX stock traded down $5.5750 during trading on Wednesday, reaching $92.9250. 1,072,262 shares of the company traded hands, compared to its average volume of 867,114. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87. The business has a 50 day simple moving average of $90.79 and a 200 day simple moving average of $92.94. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 2.20 and a beta of 1.80. 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 (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 for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. The company had revenue of $755.00 million for 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 firm's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.09 earnings per share. On average, equities research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LPX. Royal Bank Of Canada upped their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. DA Davidson reduced their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Wall Street Zen lowered shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research note on Wednesday, May 7th. Finally, Truist Financial dropped their price target on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research note on Friday, July 11th. 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 stock. According to MarketBeat.com, Louisiana-Pacific has a consensus rating of "Hold" and a consensus target price of $106.13.

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 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 approximately $3,002,528. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lizanne C. Gottung sold 1,179 shares of Louisiana-Pacific stock in a transaction that occurred 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 approximately $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. 1.42% of the stock is currently owned by company insiders.

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.