Louisiana-Pacific Corporation $LPX Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC cut its position in Louisiana-Pacific Corporation (NYSE:LPX) by 8.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,677 shares of the building manufacturing company’s stock after selling 259 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Louisiana-Pacific were worth $230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC increased its holdings in shares of Louisiana-Pacific by 4.1% in the 1st quarter. CWM LLC now owns 2,919 shares of the building manufacturing company’s stock valued at $268,000 after acquiring an additional 115 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Louisiana-Pacific by 1.1% in the 1st quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company’s stock valued at $1,046,000 after purchasing an additional 127 shares during the last quarter. Moran Wealth Management LLC raised its stake in Louisiana-Pacific by 2.4% during the 2nd quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company’s stock valued at $568,000 after acquiring an additional 156 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Louisiana-Pacific by 2.2% during the 1st quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company’s stock valued at $732,000 after acquiring an additional 170 shares during the last quarter. Finally, Hohimer Wealth Management LLC raised its stake in Louisiana-Pacific by 4.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 4,293 shares of the building manufacturing company’s stock valued at $395,000 after acquiring an additional 199 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LPX shares. Vertical Research initiated coverage on Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating for the company. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Truist Financial dropped their price target on shares of Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a research note 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. Finally, DA Davidson reiterated a “buy” rating and issued a $117.00 price target on shares of Louisiana-Pacific in a research note on Thursday, September 25th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific currently has an average rating of “Hold” and a consensus price target of $110.57.

Louisiana-Pacific Trading Up 0.1%

Shares of NYSE LPX opened at $92.88 on Tuesday. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week 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 firm has a 50 day moving average price of $92.19 and a two-hundred day moving average price of $90.77. The stock has a market cap of $6.47 billion, a P/E ratio of 21.91 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $755.00 million for the quarter, compared to analyst estimates of $751.15 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. Louisiana-Pacific’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 earnings per share. As a group, equities analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Louisiana-Pacific’s dividend payout ratio (DPR) is 26.42%.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 500 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the sale, the director owned 29,728 shares in the company, valued at approximately $3,002,528. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.42% of the company’s stock.

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.