Vanguard Group Inc. Decreases Position in Louisiana-Pacific Corporation $LPX

Vanguard Group Inc. decreased its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 5.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,413,899 shares of the building manufacturing company’s stock after selling 362,744 shares during the period. Vanguard Group Inc. owned about 0.09% of Louisiana-Pacific worth $569,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of LPX. American Century Companies Inc. increased its holdings in Louisiana-Pacific by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 555,489 shares of the building manufacturing company’s stock worth $47,766,000 after purchasing an additional 29,803 shares during the period. Y Intercept Hong Kong Ltd increased its stake in shares of Louisiana-Pacific by 27.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 57,876 shares of the building manufacturing company’s stock worth $5,142,000 after buying an additional 12,490 shares during the period. Ceredex Value Advisors LLC raised its holdings in Louisiana-Pacific by 57.2% in the second quarter. Ceredex Value Advisors LLC now owns 124,100 shares of the building manufacturing company’s stock valued at $10,671,000 after acquiring an additional 45,175 shares in the last quarter. UniSuper Management Pty Ltd lifted its stake in Louisiana-Pacific by 31.3% in the third quarter. UniSuper Management Pty Ltd now owns 49,785 shares of the building manufacturing company’s stock worth $4,423,000 after acquiring an additional 11,873 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Louisiana-Pacific during the 2nd quarter worth approximately $424,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 4.8%

Shares of NYSE LPX opened at $85.29 on Wednesday. The business has a 50-day moving average price of $87.92 and a 200 day moving average price of $88.25. The stock has a market cap of $5.96 billion, a PE ratio of 40.81 and a beta of 1.81. The company has a quick ratio of 1.53, a current ratio of 2.78 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 52-week low of $73.42 and a 52-week high of $103.25.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $567.00 million during the quarter, compared to analysts’ expectations of $589.96 million. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. Equities research analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.30 dividend. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 53.59%.

Insider Transactions at Louisiana-Pacific

In related news, Director F Nicholas Grasberger III purchased 20,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average price of $85.49 per share, with a total value of $1,709,800.00. Following the completion of the acquisition, the director directly owned 38,954 shares in the company, valued at $3,330,177.46. This represents a 105.52% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William Bradley Southern sold 14,166 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $89.29, for a total value of $1,264,882.14. Following the completion of the transaction, the chief executive officer owned 461,719 shares in the company, valued at $41,226,889.51. This trade represents a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 155,842 shares of company stock valued at $13,912,978 over the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

LPX has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. TD Securities lowered their price objective on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, November 6th. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Royal Bank Of Canada restated an “outperform” rating and set a $104.00 target price on shares of Louisiana-Pacific in a research note on Wednesday, February 18th. Finally, Oppenheimer began coverage on shares of Louisiana-Pacific in a research note on Thursday, February 5th. They issued an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.83.

Louisiana-Pacific Company 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.