Hancock Whitney Corp Purchases 286 Shares of Louisiana-Pacific Corporation $LPX

Hancock Whitney Corp boosted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 7.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,260 shares of the building manufacturing company’s stock after acquiring an additional 286 shares during the quarter. Hancock Whitney Corp’s holdings in Louisiana-Pacific were worth $392,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LPX. UMB Bank n.a. grew its holdings in Louisiana-Pacific by 76.1% during the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company’s stock valued at $52,000 after purchasing an additional 242 shares during the last quarter. Fifth Third Bancorp grew its holdings in Louisiana-Pacific by 41.5% during the 1st quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company’s stock valued at $96,000 after purchasing an additional 305 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Louisiana-Pacific by 67.2% during the 1st 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 last quarter. Leavell Investment Management Inc. grew its holdings in Louisiana-Pacific by 11.6% during the 1st quarter. Leavell Investment Management Inc. now owns 2,231 shares of the building manufacturing company’s stock valued at $205,000 after purchasing an additional 231 shares during the last quarter. Finally, Breed s Hill Capital LLC bought a new position in Louisiana-Pacific during the 4th quarter valued at about $207,000. 94.73% of the stock is currently owned by institutional investors.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 1,179 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total value of $105,544.08. Following the completion of the sale, the director owned 18,838 shares of the company’s stock, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ozey K. Horton, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total transaction 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. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Price Performance

Shares of LPX opened at $98.97 on Friday. The company has a 50 day moving average price of $92.81 and a 200-day moving average price of $91.33. Louisiana-Pacific Corporation has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. The stock has a market capitalization of $6.89 billion, a PE ratio of 23.34, a PEG ratio of 2.21 and a beta of 1.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, topping 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 firm had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $751.15 million. During the same quarter in the prior year, the company earned $2.09 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. Equities analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Louisiana-Pacific’s dividend payout ratio is presently 26.42%.

Wall Street Analysts Forecast Growth

LPX has been the topic of several analyst reports. DA Davidson cut their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, June 25th. Wall Street Zen cut shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Finally, Truist Financial lowered their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Louisiana-Pacific presently has an average rating of “Hold” and an average target price of $106.13.

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.