Louisiana-Pacific Co. (NYSE:LPX) is Algert Global LLC’s 3rd Largest Position

Algert Global LLC increased its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 182,779 shares of the building manufacturing company’s stock after buying an additional 12,079 shares during the period. Louisiana-Pacific accounts for 0.5% of Algert Global LLC’s holdings, making the stock its 3rd biggest position. Algert Global LLC owned about 0.25% of Louisiana-Pacific worth $15,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of Louisiana-Pacific by 48,193.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock valued at $13,616,000 after buying an additional 161,931 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Louisiana-Pacific by 3.5% in the 1st quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock worth $18,045,000 after acquiring an additional 7,367 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Louisiana-Pacific by 83.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock worth $110,717,000 after acquiring an additional 712,671 shares during the period. Diversified Trust Co acquired a new position in Louisiana-Pacific during the second quarter worth $590,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Louisiana-Pacific by 16.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company’s stock valued at $3,914,000 after purchasing an additional 6,533 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 0.3 %

NYSE LPX opened at $107.20 on Friday. The business’s fifty day simple moving average is $96.87 and its 200-day simple moving average is $88.03. 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 $7.69 billion, a PE ratio of 29.45, a P/E/G ratio of 4.95 and a beta of 1.88. Louisiana-Pacific Co. has a 52 week low of $49.47 and a 52 week high of $108.50.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.23. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. As a group, equities analysts anticipate that Louisiana-Pacific Co. will post 5.04 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Analyst Ratings Changes

Several research analysts recently weighed in on LPX shares. Bank of America upped their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. DA Davidson increased their target price on Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 14th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Truist Financial reissued a “buy” rating and issued a $105.00 price objective (up from $101.00) on shares of Louisiana-Pacific in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group lifted their target price on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $92.67.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the sale, the director now owns 29,008 shares in the company, valued at $2,787,668.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now directly owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,900 shares of company stock worth $3,368,774. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific Company 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.