Louisiana-Pacific Corporation $LPX Shares Bought by Bayforest Capital Ltd

Bayforest Capital Ltd increased its position in Louisiana-Pacific Corporation (NYSE:LPX) by 129.2% during the second quarter, Holdings Channel reports. The fund owned 5,939 shares of the building manufacturing company’s stock after purchasing an additional 3,348 shares during the quarter. Bayforest Capital Ltd’s holdings in Louisiana-Pacific were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. TD Asset Management Inc increased its holdings in shares of Louisiana-Pacific by 19.5% in the 2nd quarter. TD Asset Management Inc now owns 22,690 shares of the building manufacturing company’s stock worth $1,951,000 after acquiring an additional 3,706 shares during the period. Moran Wealth Management LLC increased its holdings in shares of Louisiana-Pacific by 2.4% in the 2nd quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company’s stock worth $568,000 after acquiring an additional 156 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Louisiana-Pacific by 28.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 175,328 shares of the building manufacturing company’s stock worth $16,004,000 after acquiring an additional 38,389 shares during the period. CWM LLC increased its holdings in shares of Louisiana-Pacific by 132.2% in the 2nd quarter. CWM LLC now owns 6,778 shares of the building manufacturing company’s stock worth $583,000 after acquiring an additional 3,859 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Louisiana-Pacific by 3.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,590 shares of the building manufacturing company’s stock worth $825,000 after acquiring an additional 320 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Buying and Selling at Louisiana-Pacific

In other 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.42% of the company’s stock.

Louisiana-Pacific Stock Up 3.3%

Louisiana-Pacific stock opened at $92.69 on Wednesday. The stock has a market cap 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 company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $92.96 and its two-hundred day moving average price is $90.50. Louisiana-Pacific Corporation has a 52 week low of $78.82 and a 52 week high of $122.87.

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

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given 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 dividend payout ratio (DPR) is 26.42%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LPX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Louisiana-Pacific in a report on Wednesday, October 8th. Truist Financial lowered their target price 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. DA Davidson reissued a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a research note on Thursday, September 25th. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Wall Street Zen cut shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Four 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 a consensus rating of “Hold” and a consensus price target of $110.57.

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.