William Blair Investment Management LLC Has $83.96 Million Position in Louisiana-Pacific Corporation $LPX

Key Points

• William Blair Investment Management LLC has reduced its position in Louisiana-Pacific Corporation (LPX) by 1.3%, owning 976,348 shares valued at approximately $83.96 million.
• Several institutional investors increased their stakes substantially in Louisiana-Pacific, with Valeo Financial Advisors boosting its holdings by over 33,000% in the second quarter.
• Louisiana-Pacific has recently announced a quarterly dividend of $0.28 per share, representing an annual yield of 1.2% and a payout ratio of 26.42%.

William Blair Investment Management LLC lowered its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 976,348 shares of the building manufacturing company's stock after selling 13,114 shares during the quarter. William Blair Investment Management LLC owned 1.40% of Louisiana-Pacific worth $83,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in LPX. Valeo Financial Advisors LLC boosted its holdings in Louisiana-Pacific by 33,243.5% in the second quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company's stock valued at $222,610,000 after acquiring an additional 2,581,023 shares during the last quarter. 59 North Capital Management LP boosted its holdings in Louisiana-Pacific by 32.1% in the first quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company's stock valued at $240,863,000 after acquiring an additional 635,817 shares during the last quarter. Palestra Capital Management LLC boosted its holdings in Louisiana-Pacific by 173.5% in the first quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company's stock valued at $83,851,000 after acquiring an additional 578,248 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Louisiana-Pacific by 252.2% in the first quarter. Allianz Asset Management GmbH now owns 682,164 shares of the building manufacturing company's stock valued at $62,746,000 after acquiring an additional 488,458 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Louisiana-Pacific during the 1st quarter worth approximately $25,409,000. 94.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the sale, the director directly owned 29,728 shares of the company's stock, valued at $3,002,528. This trade represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on LPX shares. Zacks Research upgraded Louisiana-Pacific from a "strong sell" rating to a "hold" rating in a report on Friday, October 10th. DA Davidson restated a "buy" rating and set a $117.00 price target on shares of Louisiana-Pacific in a report on Thursday, September 25th. Weiss Ratings restated a "hold (c)" rating on shares of Louisiana-Pacific in a report on Wednesday, October 8th. Truist Financial cut their price target on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Finally, Wall Street Zen cut Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Louisiana-Pacific has an average rating of "Hold" and a consensus price target of $110.57.

Louisiana-Pacific Trading Down 0.2%

Shares of Louisiana-Pacific stock opened at $90.09 on Friday. Louisiana-Pacific Corporation has a 1 year low of $78.82 and a 1 year high of $122.87. The firm has a market cap of $6.27 billion, a PE ratio of 21.25, a P/E/G ratio of 2.06 and a beta of 1.80. The stock has a fifty day moving average price of $92.90 and a 200-day moving average price of $90.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The firm had revenue of $755.00 million during the quarter, compared to analyst estimates of $751.15 million. During the same period last year, the firm posted $2.09 EPS. The business's revenue was down 7.2% compared to the same quarter last year. Equities research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 26.42%.

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.

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