Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Louisiana-Pacific Corporation (NYSE:LPX)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,948 shares of the building manufacturing company's stock, valued at approximately $2,295,000.

Several other large investors have also made changes to their positions in the company. FMR LLC grew its stake in Louisiana-Pacific by 17.1% in the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock worth $384,031,000 after purchasing an additional 540,703 shares in the last quarter. 59 North Capital Management LP grew its stake in Louisiana-Pacific by 13.4% in the fourth quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company's stock worth $205,322,000 after purchasing an additional 235,069 shares in the last quarter. Eminence Capital LP grew its stake in Louisiana-Pacific by 7.7% in the fourth quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company's stock worth $149,641,000 after purchasing an additional 102,897 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Louisiana-Pacific by 2.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,266,145 shares of the building manufacturing company's stock worth $131,109,000 after purchasing an additional 24,285 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in Louisiana-Pacific by 1,736.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock worth $92,299,000 after purchasing an additional 842,809 shares in the last quarter. 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 that occurred on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total value of $105,544.08. Following the transaction, the director owned 18,838 shares in the company, valued at approximately $1,686,377.76. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.42% of the company's stock.

Louisiana-Pacific Price Performance

NYSE:LPX traded down $0.03 during midday trading on Friday, hitting $90.38. 796,550 shares of the stock were exchanged, compared to its average volume of 550,721. Louisiana-Pacific Corporation has a one year low of $78.82 and a one year high of $122.87. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 1.55 and a beta of 1.80. The business has a 50-day moving average price of $89.71 and a two-hundred day moving average price of $94.76. The company has a current ratio of 3.03, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, topping 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 quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 earnings per share. Sell-side analysts predict that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen raised shares of Louisiana-Pacific from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Truist Financial cut their target price on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Wednesday, May 7th. Finally, DA Davidson cut their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $106.13.

Louisiana-Pacific 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.