Inspire Investing LLC Raises Holdings in Louisiana-Pacific Corporation $LPX

Inspire Investing LLC lifted its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 21.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,540 shares of the building manufacturing company’s stock after purchasing an additional 806 shares during the period. Inspire Investing LLC’s holdings in Louisiana-Pacific were worth $390,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LPX. Farther Finance Advisors LLC boosted its position in Louisiana-Pacific by 1,699.3% during the first quarter. Farther Finance Advisors LLC now owns 2,645 shares of the building manufacturing company’s stock worth $241,000 after acquiring an additional 2,498 shares during the last quarter. Fifth Third Bancorp boosted its position in Louisiana-Pacific by 41.5% during the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company’s stock worth $96,000 after acquiring an additional 305 shares during the last quarter. Ritholtz Wealth Management boosted its position in Louisiana-Pacific by 67.1% during the first quarter. Ritholtz Wealth Management now owns 12,330 shares of the building manufacturing company’s stock worth $1,134,000 after acquiring an additional 4,949 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in Louisiana-Pacific during the first quarter worth approximately $1,379,000. Finally, Kingswood Wealth Advisors LLC boosted its position in Louisiana-Pacific by 3.1% during the first quarter. Kingswood Wealth Advisors LLC now owns 4,658 shares of the building manufacturing company’s stock worth $425,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 500 shares of Louisiana-Pacific stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the transaction, the director owned 29,728 shares in the company, valued at approximately $3,002,528. The trade was a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LPX shares. Weiss Ratings restated a “hold (c)” rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. DA Davidson restated a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a research report on Thursday, September 25th. Truist Financial decreased their price target on shares of Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Finally, Wall Street Zen lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $110.57.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $92.69 on Wednesday. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.05 and a beta of 1.80. The firm’s fifty day simple moving average is $92.96 and its 200 day simple moving average is $90.50. Louisiana-Pacific Corporation has a twelve month low of $78.82 and a twelve month high of $122.87.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, beating 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%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 EPS. As a group, equities research analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

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

About Louisiana-Pacific

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.