Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in Louisiana-Pacific Co. (NYSE:LPX) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,448 shares of the building manufacturing company’s stock after selling 683 shares during the period. Yousif Capital Management LLC’s holdings in Louisiana-Pacific were worth $2,065,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Louisiana-Pacific in the 4th quarter worth approximately $35,000. UMB Bank n.a. increased its holdings in Louisiana-Pacific by 76.1% in 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 in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock valued at $75,000 after acquiring an additional 259 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of Louisiana-Pacific by 1,184.9% during the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company’s stock worth $97,000 after purchasing an additional 865 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Louisiana-Pacific by 142.6% during the fourth quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company’s stock worth $108,000 after purchasing an additional 613 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on LPX shares. Loop Capital upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Wednesday, May 7th. BMO Capital Markets raised their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Truist Financial decreased their target price on Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. DA Davidson decreased their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Louisiana-Pacific has an average rating of “Hold” and an average target price of $107.38.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 1,179 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the sale, the director now owns 18,838 shares in the company, valued at approximately $1,686,377.76. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.42% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of LPX stock opened at $88.14 on Monday. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.89. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12-month low of $78.82 and a 12-month high of $122.87. The firm has a fifty day moving average of $89.24 and a 200-day moving average of $99.60.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. The company had revenue of $724.00 million during the quarter, compared to the consensus estimate of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $1.53 EPS. On average, equities research analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were issued a $0.28 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.27%. Louisiana-Pacific’s dividend payout ratio is currently 19.65%.

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.