Columbus Macro LLC Invests $211,000 in Louisiana-Pacific Co. (NYSE:LPX)

Columbus Macro LLC bought a new position in Louisiana-Pacific Co. (NYSE:LPX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,985 shares of the building manufacturing company’s stock, valued at approximately $211,000.

A number of other large investors have also bought and sold shares of the business. Chicago Capital LLC bought a new position in shares of Louisiana-Pacific in the third quarter valued at about $215,000. V Square Quantitative Management LLC bought a new position in shares of Louisiana-Pacific in the third quarter worth about $43,000. Kapitalo Investimentos Ltda acquired a new position in shares of Louisiana-Pacific during the third quarter worth approximately $269,000. Wedge Capital Management L L P NC acquired a new position in shares of Louisiana-Pacific during the third quarter worth approximately $8,076,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Louisiana-Pacific during the third quarter valued at approximately $481,000. 94.73% of the stock is currently owned by institutional investors.

Insider Transactions at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 32,600 shares of the business’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 value of $3,046,144.00. Following the completion of the transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, September 16th. The stock was 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,900 shares of company stock valued at $3,368,774 over the last 90 days. 1.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LPX has been the subject of several research analyst reports. BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a research report on Thursday, August 8th. The Goldman Sachs Group upped their price target on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research note on Thursday, August 8th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Bank of America upped their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. Finally, Truist Financial lifted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.56.

Louisiana-Pacific Stock Up 1.7 %

Shares of NYSE LPX opened at $105.16 on Monday. 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 market cap of $7.54 billion, a P/E ratio of 28.89, a P/E/G ratio of 4.96 and a beta of 1.88. The firm has a 50 day moving average price of $100.11 and a 200 day moving average price of $90.77.

Louisiana-Pacific (NYSE:LPX) last announced 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. The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm’s revenue was up 33.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. Analysts expect that Louisiana-Pacific Co. will post 5.04 EPS for the current 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 issued a $0.26 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.99%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 28.57%.

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.