First Eagle Investment Management LLC Reduces Holdings in Louisiana-Pacific Corporation $LPX

First Eagle Investment Management LLC lowered its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,431 shares of the building manufacturing company’s stock after selling 1,600 shares during the period. First Eagle Investment Management LLC’s holdings in Louisiana-Pacific were worth $13,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in LPX. Chung Wu Investment Group LLC acquired a new stake in Louisiana-Pacific during the second quarter worth $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Louisiana-Pacific during the 2nd quarter worth about $34,000. RMG Wealth Management LLC purchased a new stake in Louisiana-Pacific in the 2nd quarter valued at about $44,000. Beacon Capital Management LLC lifted its position in Louisiana-Pacific by 570.6% in the second quarter. Beacon Capital Management LLC now owns 684 shares of the building manufacturing company’s stock valued at $59,000 after buying an additional 582 shares during the last quarter. Finally, Leavell Investment Management Inc. lifted its position in Louisiana-Pacific by 11.6% in the first quarter. Leavell Investment Management Inc. now owns 2,231 shares of the building manufacturing company’s stock valued at $205,000 after buying an additional 231 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LPX has been the subject of several research reports. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. DA Davidson reiterated a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a report on Thursday, September 25th. Truist Financial decreased their target price on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Vertical Research started coverage on Louisiana-Pacific in a research report on Monday, October 20th. They issued a “buy” rating for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.33.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 500 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the sale, the director directly owned 29,728 shares of the company’s stock, valued at $3,002,528. This represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.42% of the company’s stock.

Louisiana-Pacific Trading Down 1.1%

NYSE LPX opened at $77.34 on Friday. The stock has a market capitalization of $5.39 billion, a PE ratio of 18.24 and a beta of 1.80. The firm has a 50 day moving average of $90.42 and a two-hundred day moving average of $90.75. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 52 week low of $76.37 and a 52 week high of $122.87.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The business had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. During the same quarter in the prior year, the business earned $1.22 earnings per share. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. As a group, research analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 14th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 26.42%.

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.