Headlands Technologies LLC Purchases New Stake in Louisiana-Pacific Co. (NYSE:LPX)

Headlands Technologies LLC acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 980 shares of the building manufacturing company’s stock, valued at approximately $81,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Louisiana-Pacific by 48,193.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock worth $13,616,000 after purchasing an additional 161,931 shares during the period. Russell Investments Group Ltd. grew its position in shares of Louisiana-Pacific by 3.5% during the 1st quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock worth $18,045,000 after buying an additional 7,367 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Louisiana-Pacific by 83.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock valued at $110,717,000 after acquiring an additional 712,671 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at approximately $590,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in Louisiana-Pacific by 16.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company’s stock worth $3,914,000 after acquiring an additional 6,533 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Price Performance

NYSE LPX opened at $99.03 on Tuesday. The firm’s 50 day moving average is $93.46 and its 200-day moving average is $86.35. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $7.10 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 0.60 and a beta of 1.88. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $101.89.

Louisiana-Pacific (NYSE:LPX) last issued 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 firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. During the same period in the previous year, the business earned $0.55 EPS. The company’s revenue was up 33.2% compared to the same quarter last year. Equities research analysts anticipate that Louisiana-Pacific Co. will post 5.05 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a $0.26 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.04 dividend on an annualized basis and a yield of 1.05%. Louisiana-Pacific’s dividend payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

LPX has been the topic of several analyst reports. Royal Bank of Canada increased their target price 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. DA Davidson lifted their target price on Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Truist Financial restated a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Louisiana-Pacific in a report on Thursday, August 8th. BMO Capital Markets cut Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective on the stock. in a report on Thursday, August 8th. Finally, StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and an average target price of $92.67.

Insider Buying and Selling at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $55,773,027.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the transaction, the director now owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the sale, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

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.