Chicago Capital LLC Acquires New Stake in Louisiana-Pacific Co. (NYSE:LPX)

Chicago Capital LLC bought a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,000 shares of the building manufacturing company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fidelis Capital Partners LLC bought a new stake in Louisiana-Pacific during the 1st quarter valued at $25,000. Whittier Trust Co. bought a new stake in Louisiana-Pacific during the 1st quarter valued at $31,000. V Square Quantitative Management LLC bought a new stake in Louisiana-Pacific during the 3rd quarter valued at $43,000. Bessemer Group Inc. raised its holdings in Louisiana-Pacific by 258.5% during the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after acquiring an additional 318 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Louisiana-Pacific by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after acquiring an additional 177 shares during the period. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $105.16 on Monday. The company has a 50-day simple moving average of $100.11 and a two-hundred day simple moving average of $90.77. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $109.73. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 4.96 and a beta of 1.88.

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

Louisiana-Pacific Announces Dividend

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 dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.04 annualized dividend and a yield of 0.99%. Louisiana-Pacific’s payout ratio is 28.57%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LPX. BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a report on Thursday, August 8th. Truist Financial upped their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a 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. Finally, StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $93.56.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the sale, the chief executive officer now directly owns 596,886 shares in the company, valued at $55,773,027.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction dated 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 sale, the director now directly owns 29,008 shares in the company, valued at approximately $2,787,668.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,900 shares of company stock worth $3,368,774 over the last three months. Company insiders own 1.26% of the company’s stock.

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.