Foster & Motley Inc. Decreases Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Foster & Motley Inc. reduced its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 16.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,686 shares of the building manufacturing company’s stock after selling 744 shares during the period. Foster & Motley Inc.’s holdings in Louisiana-Pacific were worth $396,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LPX. William Blair Investment Management LLC purchased a new stake in shares of Louisiana-Pacific during the 2nd quarter worth $91,053,000. Marshall Wace LLP lifted its position in shares of Louisiana-Pacific by 92.4% during the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after purchasing an additional 602,803 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock worth $36,834,000 after purchasing an additional 292,200 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Louisiana-Pacific by 768.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 270,341 shares of the building manufacturing company’s stock worth $22,257,000 after purchasing an additional 239,212 shares during the last quarter. Finally, Natixis purchased a new stake in shares of Louisiana-Pacific during the 1st quarter worth $16,371,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LPX. The Goldman Sachs Group lifted their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday. Truist Financial lifted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. TD Securities lifted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday. BMO Capital Markets lowered shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research note on Thursday, August 8th. Finally, Bank of America lifted their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.78.

Insider Transactions at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’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 sale, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.

Louisiana-Pacific Trading Up 0.6 %

NYSE LPX opened at $108.82 on Friday. Louisiana-Pacific Co. has a one year low of $57.13 and a one year high of $113.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The firm’s fifty day moving average is $102.11 and its two-hundred day moving average is $93.09. The firm has a market cap of $7.65 billion, a PE ratio of 17.69, a P/E/G ratio of 4.63 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The business had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. During the same period in the previous year, the business posted $0.55 earnings per share. The business’s revenue was up 33.2% compared to the same quarter last year. Analysts expect that Louisiana-Pacific Co. will post 5.12 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. Louisiana-Pacific’s dividend payout ratio (DPR) is 16.91%.

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.