Ceredex Value Advisors LLC Lowers Stake in Louisiana-Pacific Corporation $LPX

Ceredex Value Advisors LLC lessened its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 26.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,550 shares of the building manufacturing company’s stock after selling 32,550 shares during the quarter. Ceredex Value Advisors LLC’s holdings in Louisiana-Pacific were worth $8,133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. North Ridge Wealth Advisors Inc. bought a new stake in shares of Louisiana-Pacific in the 2nd quarter worth approximately $26,000. Versant Capital Management Inc increased its position in Louisiana-Pacific by 34.3% during the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after buying an additional 127 shares in the last quarter. State of Wyoming purchased a new position in Louisiana-Pacific during the third quarter valued at $82,000. EverSource Wealth Advisors LLC raised its stake in Louisiana-Pacific by 496.3% during the second quarter. EverSource Wealth Advisors LLC now owns 954 shares of the building manufacturing company’s stock valued at $82,000 after buying an additional 794 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Louisiana-Pacific by 2,000.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,050 shares of the building manufacturing company’s stock worth $90,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling

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 14,166 shares of Louisiana-Pacific stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $89.29, for a total transaction of $1,264,882.14. Following the transaction, the chief executive officer owned 461,719 shares in the company, valued at $41,226,889.51. This represents a 2.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 155,842 shares of company stock valued at $13,912,978. 1.42% of the stock is owned by corporate insiders.

Louisiana-Pacific Trading Up 1.8%

NYSE:LPX opened at $79.02 on Wednesday. The company has a market cap of $5.52 billion, a PE ratio of 37.81 and a beta of 1.78. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 12 month low of $73.42 and a 12 month high of $102.86. The company has a 50 day simple moving average of $87.63 and a two-hundred day simple moving average of $87.15.

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

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.5%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 53.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial raised their price target on Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $104.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, February 18th. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Barclays lifted their target price on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.