DekaBank Deutsche Girozentrale Has $561,000 Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

DekaBank Deutsche Girozentrale increased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 73.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,254 shares of the building manufacturing company’s stock after acquiring an additional 2,229 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Louisiana-Pacific were worth $561,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC bought a new position in Louisiana-Pacific during the first quarter worth about $25,000. Whittier Trust Co. bought a new position in Louisiana-Pacific during the first quarter worth about $31,000. V Square Quantitative Management LLC bought a new position in Louisiana-Pacific during the third quarter worth about $43,000. Bessemer Group Inc. increased its position in Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after acquiring an additional 318 shares during the period. Finally, GAMMA Investing LLC increased its position in Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after acquiring an additional 177 shares during the period. 94.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LPX shares. StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group raised their target price on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a report on Thursday, August 8th. Royal Bank of Canada raised their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Truist Financial raised their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Bank of America raised their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Louisiana-Pacific currently has an average rating of “Hold” and a consensus target price of $93.56.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific 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. This 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 worth $3,368,774 in the last ninety days. Company insiders own 1.26% of the company’s stock.

Louisiana-Pacific Trading Up 1.6 %

Shares of Louisiana-Pacific stock opened at $100.49 on Friday. The firm has a market capitalization of $7.06 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 4.53 and a beta of 1.88. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $101.36 and its 200 day moving average is $92.14. Louisiana-Pacific Co. has a 1 year low of $55.06 and a 1 year high of $109.73.

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. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company 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 firm posted $0.55 EPS. The firm’s revenue was up 33.2% on a year-over-year basis. Equities research analysts forecast that Louisiana-Pacific Co. will post 5.12 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors 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 1.03%. Louisiana-Pacific’s dividend payout ratio is presently 16.91%.

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.