Louisiana-Pacific Co. (NYSE:LPX) Shares Bought by XTX Topco Ltd

XTX Topco Ltd boosted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 96.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,545 shares of the building manufacturing company’s stock after purchasing an additional 10,566 shares during the quarter. XTX Topco Ltd’s holdings in Louisiana-Pacific were worth $1,774,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. William Blair Investment Management LLC purchased a new position in shares of Louisiana-Pacific during the 2nd quarter valued at approximately $91,053,000. Norges Bank acquired a new position in Louisiana-Pacific during the fourth quarter worth $53,186,000. Balyasny Asset Management L.P. lifted its holdings in Louisiana-Pacific by 16,827.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 717,059 shares of the building manufacturing company’s stock valued at $50,789,000 after purchasing an additional 712,823 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Louisiana-Pacific by 83.8% in the fourth 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 purchasing an additional 712,671 shares during the period. Finally, Eminence Capital LP increased its stake in shares of Louisiana-Pacific by 31.4% during the fourth quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock worth $145,697,000 after purchasing an additional 491,641 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Ozey K. Horton, Jr. sold 800 shares of the 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 of the company’s stock, valued at approximately $2,787,668.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The disclosure for this sale can be found here. Insiders have sold 35,900 shares of company stock worth $3,368,774 over the last quarter. 1.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LPX shares. The Goldman Sachs Group lifted their price objective on Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a report on Thursday, August 8th. Royal Bank of Canada lifted their price target on Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Truist Financial restated a “buy” rating and issued a $105.00 price objective (up previously from $101.00) on shares of Louisiana-Pacific in a report on Thursday, August 8th. Finally, DA Davidson upped their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $92.67.

Louisiana-Pacific Trading Up 2.6 %

Shares of LPX opened at $104.14 on Friday. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $105.35. The firm has a market capitalization of $7.47 billion, a P/E ratio of 28.61, a P/E/G ratio of 0.60 and a beta of 1.88. The firm has a 50-day moving average price of $94.69 and a 200 day moving average price of $86.76. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.23. The business had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. Sell-side analysts forecast that Louisiana-Pacific Co. will post 5.05 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, August 20th. This represents a $1.04 annualized dividend and a yield of 1.00%. Louisiana-Pacific’s dividend payout ratio (DPR) is 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.