Linden Thomas Advisory Services LLC Sells 259 Shares of Louisiana-Pacific Corporation $LPX

Linden Thomas Advisory Services LLC decreased its position in Louisiana-Pacific Corporation (NYSE:LPX) by 8.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,677 shares of the building manufacturing company’s stock after selling 259 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Louisiana-Pacific were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CWM LLC lifted its position in Louisiana-Pacific by 4.1% during the first quarter. CWM LLC now owns 2,919 shares of the building manufacturing company’s stock valued at $268,000 after buying an additional 115 shares during the period. Xponance Inc. grew its stake in shares of Louisiana-Pacific by 1.1% during the 1st quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company’s stock valued at $1,046,000 after purchasing an additional 127 shares during the period. Moran Wealth Management LLC grew its stake in shares of Louisiana-Pacific by 2.4% during the 2nd quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company’s stock valued at $568,000 after acquiring an additional 156 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Louisiana-Pacific by 2.2% during the 1st quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company’s stock valued at $732,000 after acquiring an additional 170 shares during the period. Finally, Hohimer Wealth Management LLC grew its stake in shares of Louisiana-Pacific by 4.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 4,293 shares of the building manufacturing company’s stock valued at $395,000 after acquiring an additional 199 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of Louisiana-Pacific stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the sale, the director owned 29,728 shares in the company, valued at $3,002,528. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is owned by corporate insiders.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $92.88 on Tuesday. The company has a market cap of $6.47 billion, a PE ratio of 21.91 and a beta of 1.80. The stock’s 50 day simple moving average is $92.19 and its 200-day simple moving average is $90.77. Louisiana-Pacific Corporation has a 1-year low of $78.82 and a 1-year high of $122.87. 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 (NYSE:LPX) last released 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. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $751.15 million. During the same quarter last year, the business posted $2.09 earnings per share. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors 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 dividend on an annualized basis and a yield of 1.2%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 26.42%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. DA Davidson reissued a “buy” rating and set a $117.00 price target on shares of Louisiana-Pacific in a research report on Thursday, September 25th. Truist Financial decreased their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Finally, Wall Street Zen cut Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $110.57.

Louisiana-Pacific Company 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.