Dorsey Wright & Associates Sells 3,244 Shares of Louisiana-Pacific Corporation (NYSE:LPX)

Dorsey Wright & Associates lowered its stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 4.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 67,543 shares of the building manufacturing company's stock after selling 3,244 shares during the quarter. Louisiana-Pacific accounts for 1.6% of Dorsey Wright & Associates' portfolio, making the stock its 11th biggest position. Dorsey Wright & Associates owned 0.10% of Louisiana-Pacific worth $6,213,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its holdings in Louisiana-Pacific by 18.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company's stock valued at $12,486,000 after buying an additional 21,462 shares during the last quarter. Putney Financial Group LLC bought a new position in shares of Louisiana-Pacific during the fourth quarter valued at about $389,000. QRG Capital Management Inc. purchased a new stake in shares of Louisiana-Pacific during the first quarter worth about $1,379,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Louisiana-Pacific during the first quarter valued at approximately $317,000. Finally, Icon Advisers Inc. Co. purchased a new stake in Louisiana-Pacific in the fourth quarter worth $2,040,000. Institutional investors own 94.73% of the company's stock.

Insider Activity

In related news, Director Lizanne C. Gottung sold 1,179 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were 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 of the company's stock, valued at approximately $1,686,377.76. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.42% of the stock is currently owned by insiders.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded down $0.86 during trading hours on Thursday, reaching $88.30. The company had a trading volume of 596,194 shares, compared to its average volume of 652,776. The firm has a market cap of $6.15 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.53 and a beta of 1.84. The business has a fifty day moving average price of $90.16 and a 200-day moving average price of $95.61. Louisiana-Pacific Corporation has a one year low of $78.82 and a one year high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. The business had revenue of $724.00 million during the quarter, compared to analysts' expectations of $711.66 million. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. The business's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.53 earnings per share. Sell-side analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.27%. Louisiana-Pacific's payout ratio is 19.65%.

Analyst Ratings Changes

LPX has been the subject of several research analyst reports. Royal Bank Of Canada raised their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen cut Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. DA Davidson reduced their price target 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. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a report on Wednesday, May 7th. Finally, Truist Financial dropped their target price 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. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $106.13.

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.