2,540 Shares in Louisiana-Pacific Co. (NYSE:LPX) Bought by Smith Shellnut Wilson LLC ADV

Smith Shellnut Wilson LLC ADV bought a new position in Louisiana-Pacific Co. (NYSE:LPX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,540 shares of the building manufacturing company’s stock, valued at approximately $209,000.

Several other hedge funds also recently bought and sold shares of the company. Eminence Capital LP raised its position in shares of Louisiana-Pacific by 31.4% during the 4th quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock valued at $145,697,000 after buying an additional 491,641 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Louisiana-Pacific by 11.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock valued at $146,026,000 after buying an additional 177,132 shares in the last quarter. Franklin Resources Inc. raised its position in Louisiana-Pacific by 10.0% in the 4th quarter. Franklin Resources Inc. now owns 1,136,025 shares of the building manufacturing company’s stock worth $80,465,000 after purchasing an additional 103,249 shares during the period. Channing Capital Management LLC purchased a new stake in Louisiana-Pacific in the 4th quarter worth about $73,662,000. Finally, Jacobs Levy Equity Management Inc. raised its position in Louisiana-Pacific by 6.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 925,514 shares of the building manufacturing company’s stock worth $77,660,000 after purchasing an additional 57,966 shares during the period. Institutional investors own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction 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 in the company, valued at $55,773,027.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction 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 in the company, valued at $55,773,027.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 3,591 shares of Louisiana-Pacific stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the completion of the sale, the director now owns 23,501 shares in the company, valued at approximately $2,095,819.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,991 shares of company stock worth $3,443,269. 1.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LPX shares. TD Securities increased 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. Truist Financial restated a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Louisiana-Pacific in a research note on Thursday, August 8th. DA Davidson upped their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Loop Capital assumed coverage on shares of Louisiana-Pacific in a research note on Friday, May 3rd. They issued a “hold” rating and a $82.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $94.88.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded down $0.69 during midday trading on Tuesday, reaching $97.09. The company had a trading volume of 503,321 shares, compared to its average volume of 902,589. The business’s 50-day simple moving average is $90.11 and its 200 day simple moving average is $83.89. The stock has a market cap of $6.96 billion, a P/E ratio of 26.67, a P/E/G ratio of 13.92 and a beta of 1.89. Louisiana-Pacific Co. has a 1 year low of $49.47 and a 1 year high of $101.89. The company has a current ratio of 3.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results 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. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. During the same quarter last year, the company posted $0.55 earnings per share. The firm’s revenue was up 33.2% compared to the same quarter last year. On average, analysts forecast that Louisiana-Pacific Co. will post 5.23 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.04 annualized dividend and a yield of 1.07%. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

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.