Sendero Wealth Management LLC Buys New Position in Louisiana-Pacific Corporation $LPX

Sendero Wealth Management LLC acquired a new stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,260 shares of the building manufacturing company’s stock, valued at approximately $452,000.

Other hedge funds have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its holdings in Louisiana-Pacific by 33,243.5% during the 2nd 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 period. 59 North Capital Management LP grew its stake 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 worth $240,863,000 after purchasing an additional 635,817 shares during the period. Palestra Capital Management LLC increased its stake in shares of Louisiana-Pacific by 173.5% during 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 purchasing an additional 578,248 shares in the last quarter. Allianz Asset Management GmbH increased its position in Louisiana-Pacific by 252.2% during the 1st quarter. Allianz Asset Management GmbH now owns 682,164 shares of the building manufacturing company’s stock valued at $62,746,000 after buying an additional 488,458 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Louisiana-Pacific in the 1st quarter worth about $25,409,000. 94.73% of the stock is owned by institutional investors.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific 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 value of $50,500.00. Following the transaction, the director owned 29,728 shares in the company, valued at approximately $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 accessible through the SEC website. 1.42% of the stock is owned by insiders.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $90.29 on Monday. The company has a market capitalization of $6.29 billion, a PE ratio of 21.29, a P/E/G ratio of 2.08 and a beta of 1.80. Louisiana-Pacific Corporation has a one year low of $78.82 and a one year high of $122.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84. The company has a 50-day simple moving average of $93.10 and a two-hundred day simple moving average of $90.66.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data 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. The firm had revenue of $755.00 million for the quarter, compared to the consensus estimate of $751.15 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.09 earnings per share. Research analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LPX shares. Truist Financial decreased their target price on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Wall Street Zen lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Louisiana-Pacific in a research report on Saturday, September 27th. Finally, DA Davidson reaffirmed a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a research note on Thursday, September 25th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and a consensus price target of $110.57.

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.