William Blair Investment Management LLC Trims Position in Louisiana-Pacific Corporation $LPX

William Blair Investment Management LLC lessened its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 926,427 shares of the building manufacturing company’s stock after selling 49,921 shares during the quarter. William Blair Investment Management LLC owned approximately 1.33% of Louisiana-Pacific worth $82,304,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in Louisiana-Pacific by 24.0% in the third quarter. American Century Companies Inc. now owns 688,772 shares of the building manufacturing company’s stock worth $61,191,000 after purchasing an additional 133,283 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Louisiana-Pacific by 1.9% during the 3rd quarter. Intech Investment Management LLC now owns 37,120 shares of the building manufacturing company’s stock valued at $3,298,000 after buying an additional 688 shares in the last quarter. TD Asset Management Inc grew its position in shares of Louisiana-Pacific by 8.9% in the 3rd quarter. TD Asset Management Inc now owns 24,720 shares of the building manufacturing company’s stock worth $2,196,000 after buying an additional 2,030 shares during the period. Channing Capital Management LLC increased its stake in shares of Louisiana-Pacific by 12.0% in the 3rd quarter. Channing Capital Management LLC now owns 840,500 shares of the building manufacturing company’s stock worth $74,670,000 after acquiring an additional 90,388 shares in the last quarter. Finally, Citigroup Inc. lifted its position in Louisiana-Pacific by 48.9% during the 3rd quarter. Citigroup Inc. now owns 95,161 shares of the building manufacturing company’s stock valued at $8,454,000 after acquiring an additional 31,244 shares during the period. Institutional investors own 94.73% of the company’s stock.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director F Nicholas Grasberger III purchased 20,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were acquired at an average cost of $85.49 per share, for a total transaction of $1,709,800.00. Following the completion of the transaction, the director owned 38,954 shares of the company’s stock, valued at approximately $3,330,177.46. The trade was a 105.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $91.66, for a total value of $5,073,014.36. Following the transaction, the chief executive officer owned 503,381 shares in the company, valued at $46,139,902.46. This trade represents a 9.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 155,842 shares of company stock worth $13,912,978. Company insiders own 1.42% of the company’s stock.

Louisiana-Pacific Price Performance

NYSE LPX opened at $84.64 on Monday. Louisiana-Pacific Corporation has a one year low of $73.42 and a one year high of $102.86. The stock has a 50-day moving average of $87.93 and a 200 day moving average of $87.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.53 and a current ratio of 2.78. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 40.50 and a beta of 1.81.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The firm had revenue of $567.00 million for the quarter, compared to the consensus estimate of $589.96 million. During the same quarter last year, the firm posted $1.03 EPS. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. On average, sell-side analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.28. Louisiana-Pacific’s payout ratio is currently 53.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday, December 29th. Barclays boosted their price target on Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. TD Securities cut their price target on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Oppenheimer initiated coverage on Louisiana-Pacific in a research report on Thursday, February 5th. They set an “outperform” rating for the company. Finally, Truist Financial boosted their target price on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.83.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.