SG Americas Securities LLC Has $7.47 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

SG Americas Securities LLC grew its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 301.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,256 shares of the building manufacturing company's stock after purchasing an additional 60,991 shares during the period. SG Americas Securities LLC owned about 0.12% of Louisiana-Pacific worth $7,474,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LPX. Truist Financial Corp boosted its position in Louisiana-Pacific by 47.3% during the fourth quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company's stock worth $1,010,000 after purchasing an additional 3,129 shares during the period. Victory Capital Management Inc. lifted its position in shares of Louisiana-Pacific by 23.8% during the 4th 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. New York Life Investment Management LLC acquired a new position in Louisiana-Pacific during the fourth quarter worth $699,000. Monument Capital Management acquired a new position in Louisiana-Pacific during the fourth quarter worth $2,382,000. Finally, Putney Financial Group LLC bought a new stake in Louisiana-Pacific during the 4th quarter worth about $389,000. Institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on LPX. TD Securities cut their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. 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. DA Davidson decreased their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada raised their target price 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, Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $107.38.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 1,179 shares of the 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 transaction, the director now directly owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.42% of the stock is owned by insiders.

Louisiana-Pacific Trading Down 2.6%

LPX traded down $2.32 during trading on Friday, reaching $88.14. 701,933 shares of the company's stock were exchanged, compared to its average volume of 696,307. Louisiana-Pacific Co. has a one year low of $78.82 and a one year high of $122.87. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6.13 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.89. The firm has a fifty day moving average price of $89.24 and a two-hundred day moving average price of $99.60.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $711.66 million. During the same period in the previous year, the firm posted $1.53 EPS. The company's revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities research analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Tuesday, May 20th. 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.