Louisiana-Pacific Corporation (NYSE:LPX) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. significantly reduced its holdings in Louisiana-Pacific Corporation by 56.8% during the first quarter, now owning 6,557 shares valued at approximately $603,000.
• Wall Street analysts have mixed ratings on Louisiana-Pacific, with a consensus rating of "Hold" and target price of $106.13, reflecting changes from various firms in recent months.
• The company announced a quarterly dividend of $0.28, leading to an annualized yield of 1.2% and a payout ratio of 19.65%.

Pacer Advisors Inc. reduced its stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 56.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,557 shares of the building manufacturing company's stock after selling 8,619 shares during the quarter. Pacer Advisors Inc.'s holdings in Louisiana-Pacific were worth $603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LPX. Alyeska Investment Group L.P. raised its position in shares of Louisiana-Pacific by 1,736.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock valued at $92,299,000 after purchasing an additional 842,809 shares during the last quarter. Norges Bank purchased a new position in shares of Louisiana-Pacific in the 4th quarter valued at approximately $78,181,000. FMR LLC raised its position in shares of Louisiana-Pacific by 17.1% in the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after purchasing an additional 540,703 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Louisiana-Pacific by 252.2% in the 1st quarter. Allianz Asset Management GmbH now owns 682,164 shares of the building manufacturing company's stock valued at $62,746,000 after purchasing an additional 488,458 shares during the last quarter. Finally, Palestra Capital Management LLC purchased a new position in Louisiana-Pacific during the 4th quarter worth approximately $34,521,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of Louisiana-Pacific 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 sale, the director owned 18,838 shares of the company's stock, valued at $1,686,377.76. The trade was a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.42% of the company's stock.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock traded up $3.36 during trading on Tuesday, reaching $95.19. The company had a trading volume of 407,471 shares, compared to its average volume of 714,441. The firm's 50-day simple moving average is $89.69 and its 200 day simple moving average is $94.31. Louisiana-Pacific Corporation has a 1-year low of $78.82 and a 1-year high of $122.87. The firm has a market capitalization of $6.62 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.55 and a beta of 1.80. 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 released its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The firm had revenue of $724.00 million for the quarter, compared to analysts' expectations of $711.66 million. During the same quarter last year, the company earned $1.53 EPS. The firm's revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 19.65%.

Wall Street Analyst Weigh In

Several analysts have commented on LPX shares. Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research note on Wednesday, May 7th. Truist Financial decreased their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Wall Street Zen cut shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday. Royal Bank Of Canada lifted their price objective 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. Finally, DA Davidson cut their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Louisiana-Pacific presently has an average rating of "Hold" and a consensus price target of $106.13.

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.