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 position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 56.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,557 shares of the building manufacturing company's stock after selling 8,619 shares during the period. Pacer Advisors Inc.'s holdings in Louisiana-Pacific were worth $603,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its position in shares of Louisiana-Pacific by 148.6% during the 4th quarter. LPL Financial LLC now owns 63,329 shares of the building manufacturing company's stock worth $6,558,000 after acquiring an additional 37,856 shares in the last quarter. Norges Bank acquired a new stake in shares of Louisiana-Pacific during the 4th quarter worth about $78,181,000. O Shaughnessy Asset Management LLC raised its position in shares of Louisiana-Pacific by 52.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,434 shares of the building manufacturing company's stock worth $1,598,000 after acquiring an additional 5,284 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Louisiana-Pacific during the 4th quarter worth about $7,645,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Louisiana-Pacific during the 4th quarter worth about $279,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

LPX stock traded down $0.03 during trading on Friday, hitting $90.38. The company had a trading volume of 796,550 shares, compared to its average volume of 550,721. The firm has a market cap of $6.29 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.55 and a beta of 1.80. Louisiana-Pacific Corporation has a 1-year low of $78.82 and a 1-year high of $122.87. The firm has a 50-day moving average price of $89.71 and a 200-day moving average price of $94.62. The company has a quick ratio of 1.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.14. The firm had revenue of $724.00 million for 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 firm's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 EPS. On average, analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, May 20th. Louisiana-Pacific's payout ratio is 19.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson cut 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. Wall Street Zen lowered Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday. Truist Financial decreased their target price 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. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada upped their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific presently has an average rating of "Hold" and a consensus price target of $106.13.

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 shares were sold at an average price of $89.52, for a total value of $105,544.08. Following the completion of the sale, the director owned 18,838 shares in the company, valued at $1,686,377.76. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is owned by company insiders.

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.