Strong Tower Advisory Services Boosts Stock Holdings in Louisiana-Pacific Corporation $LPX

Key Points

• Strong Tower Advisory Services boosted its stake in Louisiana‑Pacific (LPX) by 33.7% in Q4 to 106,734 shares (~$8.62M), making LPX its 24th largest holding at 1.5% of the portfolio; overall institutional ownership of the stock is 94.73%.
• Notable insider moves include CEO William Bradley Southern selling 55,346 shares (~$5.07M) — a 9.91% reduction in his position — while Director F. Nicholas Grasberger III purchased 20,000 shares at $85.49, increasing his stake by 105.52%.
• Recent results and outlook: LPX topped EPS estimates for the quarter ($0.03 vs. -$0.06) despite a revenue miss, raised its quarterly dividend to $0.30 ($1.20 annual, 1.6% yield), and carries an average analyst rating of "Moderate Buy" with a $102.83 target.

Strong Tower Advisory Services boosted its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 33.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,734 shares of the building manufacturing company's stock after acquiring an additional 26,931 shares during the period. Louisiana-Pacific accounts for 1.5% of Strong Tower Advisory Services' portfolio, making the stock its 24th largest holding. Strong Tower Advisory Services owned approximately 0.15% of Louisiana-Pacific worth $8,620,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Channing Capital Management LLC grew its holdings in Louisiana-Pacific by 12.0% during the 3rd quarter. Channing Capital Management LLC now owns 840,500 shares of the building manufacturing company's stock valued at $74,670,000 after buying an additional 90,388 shares in the last quarter. Citigroup Inc. grew its holdings in Louisiana-Pacific by 48.9% during the 3rd quarter. Citigroup Inc. now owns 95,161 shares of the building manufacturing company's stock valued at $8,454,000 after buying an additional 31,244 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Louisiana-Pacific by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,549,853 shares of the building manufacturing company's stock valued at $137,666,000 after buying an additional 28,535 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Louisiana-Pacific by 27.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 57,876 shares of the building manufacturing company's stock valued at $5,142,000 after buying an additional 12,490 shares in the last quarter. Finally, Eminence Capital LP grew its holdings in Louisiana-Pacific by 7.9% during the 3rd quarter. Eminence Capital LP now owns 3,115,959 shares of the building manufacturing company's stock valued at $276,822,000 after buying an additional 228,521 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $91.66, for a total transaction of $5,073,014.36. Following the completion of the transaction, the chief executive officer directly owned 503,381 shares of the company's stock, valued at approximately $46,139,902.46. The trade was a 9.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director F Nicholas Grasberger III purchased 20,000 shares of the company's stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average cost of $85.49 per share, with a total value of $1,709,800.00. Following the completion of the purchase, the director owned 38,954 shares in the company, valued at $3,330,177.46. This trade represents a 105.52% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 113,310 shares of company stock valued at $10,235,781. Company insiders own 0.65% of the company's stock.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $74.82 on Friday. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 1.14 and a beta of 1.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.53 and a current ratio of 2.78. The stock has a 50 day moving average price of $80.85 and a 200-day moving average price of $83.84. Louisiana-Pacific Corporation has a one year low of $69.34 and a one year high of $102.86.

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

Louisiana-Pacific Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Louisiana-Pacific in a report on Friday, March 27th. Truist Financial lifted their price objective on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Tuesday, January 6th. Oppenheimer reissued an "outperform" rating on shares of Louisiana-Pacific in a research note on Tuesday, March 3rd. DA Davidson dropped their price objective on shares of Louisiana-Pacific from $117.00 to $114.00 and set a "buy" rating for the company in a research note on Monday, February 23rd. Finally, Barclays dropped their price objective on shares of Louisiana-Pacific from $104.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given 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.

Louisiana-Pacific Profile

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.

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