648 Shares in Louisiana-Pacific Co. (NYSE:LPX) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 648 shares of the building manufacturing company’s stock, valued at approximately $53,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LPX. Van ECK Associates Corp boosted its holdings in Louisiana-Pacific by 4.8% during the fourth quarter. Van ECK Associates Corp now owns 17,767 shares of the building manufacturing company’s stock worth $1,258,000 after purchasing an additional 812 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in Louisiana-Pacific by 56.8% during the fourth quarter. Natixis Advisors L.P. now owns 26,219 shares of the building manufacturing company’s stock worth $1,857,000 after purchasing an additional 9,495 shares during the last quarter. Metis Global Partners LLC purchased a new position in Louisiana-Pacific during the fourth quarter worth about $215,000. Charles Schwab Investment Management Inc. boosted its holdings in Louisiana-Pacific by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 484,289 shares of the building manufacturing company’s stock worth $34,302,000 after purchasing an additional 19,736 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in Louisiana-Pacific in the fourth quarter worth about $75,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $94.16 on Thursday. The company’s 50 day moving average is $91.40 and its 200-day moving average is $84.90. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.75 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 0.62 and a beta of 1.89. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $101.89.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The business had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. Louisiana-Pacific’s revenue was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. Sell-side analysts predict that Louisiana-Pacific Co. will post 5.05 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling

In related news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the transaction, the director now owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the transaction, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,991 shares of company stock valued at $3,443,269. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

LPX has been the topic of several research reports. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. DA Davidson lifted their price objective on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. TD Securities lifted their price objective on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, May 9th. BMO Capital Markets lowered shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective on the stock. in a research report on Thursday, August 8th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $105.00 price objective (up previously from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $94.88.

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.