Envestnet Asset Management Inc. Sells 481 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Envestnet Asset Management Inc. lowered its stake in Louisiana-Pacific Co. (NYSE:LPX) by 1.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 47,742 shares of the building manufacturing company’s stock after selling 481 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of Louisiana-Pacific worth $3,931,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE increased its position in Louisiana-Pacific by 20.7% during the 4th quarter. US Bancorp DE now owns 9,199 shares of the building manufacturing company’s stock worth $652,000 after buying an additional 1,580 shares during the period. Hsbc Holdings PLC raised its stake in Louisiana-Pacific by 74.1% in the 4th quarter. Hsbc Holdings PLC now owns 38,947 shares of the building manufacturing company’s stock worth $2,780,000 after purchasing an additional 16,573 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Louisiana-Pacific by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 28,499 shares of the building manufacturing company’s stock worth $2,019,000 after purchasing an additional 280 shares in the last quarter. KBC Group NV boosted its holdings in Louisiana-Pacific by 28.1% in the 4th quarter. KBC Group NV now owns 5,529 shares of the building manufacturing company’s stock valued at $392,000 after purchasing an additional 1,214 shares during the period. Finally, Pinebridge Investments L.P. grew its position in shares of Louisiana-Pacific by 74.0% during the 4th quarter. Pinebridge Investments L.P. now owns 11,225 shares of the building manufacturing company’s stock worth $795,000 after purchasing an additional 4,772 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the transaction, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,900 shares of company stock valued at $3,368,774. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LPX. Truist Financial reaffirmed a “buy” rating and set a $105.00 price objective (up previously from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. The Goldman Sachs Group upped their price target on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a report on Thursday, August 8th. Bank of America lifted their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. BMO Capital Markets cut Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a research note on Thursday, August 8th. Finally, StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.67.

Louisiana-Pacific Stock Down 0.4 %

Shares of LPX opened at $107.92 on Thursday. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 4.95 and a beta of 1.88. Louisiana-Pacific Co. has a 52 week low of $49.47 and a 52 week high of $109.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The stock has a fifty day moving average of $97.49 and a 200-day moving average of $88.61.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. During the same period last year, the company earned $0.55 earnings per share. The business’s quarterly revenue was up 33.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.04 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.96%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 28.57%.

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.