Louisiana-Pacific Corporation $LPX Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 0.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,021,530 shares of the building manufacturing company's stock after selling 66,459 shares during the quarter. Vanguard Group Inc. owned about 10.08% of Louisiana-Pacific worth $645,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LPX. 59 North Capital Management LP raised its holdings in Louisiana-Pacific by 13.4% in the 4th quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company's stock valued at $205,322,000 after buying an additional 235,069 shares during the period. Eminence Capital LP raised its position in Louisiana-Pacific by 7.7% in the fourth quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company's stock valued at $149,641,000 after purchasing an additional 102,897 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Louisiana-Pacific by 2.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,266,145 shares of the building manufacturing company's stock worth $131,109,000 after purchasing an additional 24,285 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Louisiana-Pacific by 1,736.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock valued at $92,299,000 after buying an additional 842,809 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Louisiana-Pacific by 27.1% in the 4th quarter. Northern Trust Corp now owns 781,984 shares of the building manufacturing company's stock valued at $80,974,000 after buying an additional 166,594 shares during the period. Institutional investors and hedge funds own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson dropped their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Royal Bank Of Canada boosted 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. Wall Street Zen cut Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research report on Wednesday, May 7th. Finally, Truist Financial lowered their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Three equities research 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $106.13.

Insider Buying and Selling

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the transaction, the director owned 29,728 shares of the company's stock, valued at approximately $3,002,528. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lizanne C. Gottung sold 1,179 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the sale, the director directly 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 Stock Performance

Shares of NYSE LPX traded down $2.03 during trading hours on Monday, reaching $97.49. The stock had a trading volume of 142,765 shares, compared to its average volume of 737,615. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 2.22 and a beta of 1.80. Louisiana-Pacific Corporation has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. The firm has a 50-day moving average of $90.46 and a 200-day moving average of $93.04. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The firm had revenue of $755.00 million during the quarter, compared to analysts' expectations of $751.15 million. During the same quarter in the prior year, the business earned $2.09 EPS. Louisiana-Pacific's quarterly revenue was down 7.2% compared to the same quarter last year. Equities research analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed 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. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 26.42%.

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.