Luken Investment Analytics LLC Purchases New Shares in Louisiana-Pacific Corporation (NYSE:LPX)

Luken Investment Analytics LLC bought a new position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,800 shares of the building manufacturing company's stock, valued at approximately $1,821,000. Louisiana-Pacific comprises 0.9% of Luken Investment Analytics LLC's portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LPX. UMB Bank n.a. raised its holdings in Louisiana-Pacific by 76.1% in the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock valued at $52,000 after buying an additional 242 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Louisiana-Pacific by 56.2% during the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock worth $75,000 after buying an additional 259 shares during the period. Fifth Third Bancorp increased its position in shares of 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 buying an additional 305 shares during the period. GeoWealth Management LLC increased 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 purchasing an additional 865 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Louisiana-Pacific by 142.6% during the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock worth $108,000 after purchasing an additional 613 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of recent research reports. Truist Financial decreased their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Loop Capital upgraded shares of 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, Royal Bank Of Canada boosted their price target 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $107.38.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total transaction of $105,544.08. Following the transaction, the director now directly owns 18,838 shares of the company's stock, valued at approximately $1,686,377.76. This trade represents a 5.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.42% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded up $0.13 during midday trading on Friday, reaching $86.66. The company had a trading volume of 1,618,366 shares, compared to its average volume of 696,044. The company's 50 day moving average price is $89.27 and its 200 day moving average price is $98.65. The company has a current ratio of 3.03, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.03 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.28 and a beta of 1.89. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.13 by $0.14. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The business had revenue of $724.00 million for the quarter, compared to the consensus estimate of $711.66 million. During the same period in the prior year, the firm earned $1.53 earnings per share. The company's revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Tuesday, May 20th. Louisiana-Pacific's payout ratio is 19.65%.

About Louisiana-Pacific

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.