Louisiana-Pacific Corporation (NYSE:LPX) Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 64.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,888 shares of the building manufacturing company's stock after selling 5,243 shares during the period. KBC Group NV's holdings in Louisiana-Pacific were worth $266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of 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 acquiring an additional 21,462 shares in the last quarter. Victory Capital Management Inc. increased its position in Louisiana-Pacific by 23.8% in the fourth quarter. Victory Capital Management Inc. now owns 167,439 shares of the building manufacturing company's stock worth $17,338,000 after buying an additional 32,210 shares during the period. Putney Financial Group LLC acquired a new stake in Louisiana-Pacific in the fourth quarter worth $389,000. Atria Investments Inc increased its position in Louisiana-Pacific by 353.0% in the fourth quarter. Atria Investments Inc now owns 15,782 shares of the building manufacturing company's stock worth $1,634,000 after buying an additional 12,298 shares during the period. Finally, QRG Capital Management Inc. acquired a new stake in Louisiana-Pacific in the first quarter worth $1,379,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 1,179 shares of the stock in a transaction that occurred 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 sale, the director directly owned 18,838 shares of the company's stock, valued at $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LPX has been the topic of several analyst reports. Truist Financial dropped their target price on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. 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. DA Davidson dropped their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Finally, Royal Bank Of Canada increased their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific has an average rating of "Hold" and a consensus target price of $106.63.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded up $0.66 on Wednesday, hitting $90.57. The company's stock had a trading volume of 510,484 shares, compared to its average volume of 693,031. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.38 and a beta of 1.84. The stock's 50-day moving average is $90.34 and its two-hundred day moving average is $96.63. 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 announced its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. The business had revenue of $724.00 million during the quarter, compared to analysts' expectations of $711.66 million. During the same quarter last year, the business posted $1.53 earnings per share. The company's quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.24%. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

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.