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SG Americas Securities LLC Sells 53,058 Shares of Louisiana-Pacific Corporation $LPX

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Key Points

  • SG Americas cut its stake in Louisiana‑Pacific by **86.5%**, selling 53,058 shares and leaving 8,272 shares worth $668,000; institutional investors now own **94.73%** of the company.
  • Louisiana‑Pacific beat Q4 EPS estimates (reported $0.03 vs. consensus -$0.06) but revenue fell 16.7% year‑over‑year, and the company raised its quarterly dividend to **$0.30** (annualized $1.20, ~1.6% yield).
  • Analysts show a consensus "Moderate Buy" with an average target of **$102.83**, while insider activity includes a director buying 20,000 shares amid 113,310 shares sold by insiders over the past 90 days.
  • MarketBeat previews top five stocks to own in June.

SG Americas Securities LLC lowered its stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 86.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,272 shares of the building manufacturing company's stock after selling 53,058 shares during the period. SG Americas Securities LLC's holdings in Louisiana-Pacific were worth $668,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Eminence Capital LP boosted its holdings in Louisiana-Pacific by 7.9% in the third quarter. Eminence Capital LP now owns 3,115,959 shares of the building manufacturing company's stock valued at $276,822,000 after acquiring an additional 228,521 shares in the last quarter. 59 North Capital Management LP boosted its holdings in Louisiana-Pacific by 7.2% in the second quarter. 59 North Capital Management LP now owns 2,808,369 shares of the building manufacturing company's stock valued at $241,492,000 after acquiring an additional 189,726 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Louisiana-Pacific by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,549,853 shares of the building manufacturing company's stock valued at $137,666,000 after acquiring an additional 28,535 shares in the last quarter. Boston Partners bought a new stake in Louisiana-Pacific in the third quarter valued at $100,770,000. Finally, Channing Capital Management LLC boosted its holdings in Louisiana-Pacific by 12.0% in the third quarter. Channing Capital Management LLC now owns 840,500 shares of the building manufacturing company's stock valued at $74,670,000 after acquiring an additional 90,388 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $74.82 on Friday. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $5.23 billion, a P/E ratio of 35.80, a P/E/G ratio of 1.12 and a beta of 1.78. The business has a fifty day simple moving average of $80.85 and a two-hundred day simple moving average of $83.83. Louisiana-Pacific Corporation has a 12 month low of $69.34 and a 12 month high of $102.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $567.00 million during the quarter, compared to analyst estimates of $589.96 million. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The company's revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. On average, equities analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $0.30 per share. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, February 27th. Louisiana-Pacific's payout ratio is 53.59%.

Analysts Set New Price Targets

Several research firms recently weighed in on LPX. Truist Financial lifted their price target on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the company a "buy" rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Louisiana-Pacific in a report on Friday, March 27th. Zacks Research cut shares of Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a report on Thursday, March 5th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $104.00 price target on shares of Louisiana-Pacific in a report on Wednesday, February 18th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Louisiana-Pacific in a report on Tuesday, March 3rd. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Louisiana-Pacific currently has an average rating of "Moderate Buy" and an average target price of $102.83.

Check Out Our Latest Report on Louisiana-Pacific

Insider Buying and Selling at Louisiana-Pacific

In other news, Director F Nicholas Grasberger III acquired 20,000 shares of the stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of $85.49 per share, with a total value of $1,709,800.00. Following the completion of the transaction, the director owned 38,954 shares of the company's stock, valued at $3,330,177.46. This represents a 105.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lizanne M. Bruce sold 1,300 shares of the firm's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total value of $102,167.00. Following the transaction, the director directly owned 17,160 shares of the company's stock, valued at $1,348,604.40. This represents a 7.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 113,310 shares of company stock valued at $10,235,781. 0.65% of the stock is currently owned by company insiders.

Louisiana-Pacific Profile

(Free Report)

Louisiana-Pacific Corporation NYSE: LPX is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.

Read More

Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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