Louisiana-Pacific Corporation $LPX Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,505 shares of the building manufacturing company’s stock after selling 281 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Louisiana-Pacific were worth $1,505,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LPX. Cambridge Investment Research Advisors Inc. raised its position in Louisiana-Pacific by 12.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,482 shares of the building manufacturing company’s stock valued at $320,000 after purchasing an additional 396 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Louisiana-Pacific by 18.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company’s stock worth $12,486,000 after purchasing an additional 21,462 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Louisiana-Pacific by 67.2% in the first quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company’s stock valued at $111,000 after purchasing an additional 484 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Louisiana-Pacific by 15.9% in the first quarter. Envestnet Asset Management Inc. now owns 167,818 shares of the building manufacturing company’s stock valued at $15,436,000 after buying an additional 23,032 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Louisiana-Pacific by 30.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,832 shares of the building manufacturing company’s stock valued at $615,000 after buying an additional 1,578 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 500 shares of the business’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 sale, the director owned 29,728 shares of the company’s stock, valued at approximately $3,002,528. The trade was a 1.65% 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. 1.42% of the stock is owned by company insiders.

Louisiana-Pacific Stock Down 1.1%

LPX opened at $88.14 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87. The stock has a market capitalization of $6.14 billion, a P/E ratio of 20.79 and a beta of 1.80. The business has a 50 day simple moving average of $91.89 and a 200-day simple moving average of $90.82.

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

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 14th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 26.42%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Truist Financial dropped their price target on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. DA Davidson reaffirmed a “buy” rating and set a $117.00 price target on shares of Louisiana-Pacific in a report on Thursday, September 25th. 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. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Louisiana-Pacific currently has an average 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.