Ceredex Value Advisors LLC Trims Stake in Louisiana-Pacific Co. (NYSE:LPX)

Ceredex Value Advisors LLC cut its stake in Louisiana-Pacific Co. (NYSE:LPX) by 76.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,328 shares of the building manufacturing company’s stock after selling 370,150 shares during the period. Ceredex Value Advisors LLC’s holdings in Louisiana-Pacific were worth $9,248,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LPX. Channing Capital Management LLC bought a new position in Louisiana-Pacific in the fourth quarter worth $73,662,000. Norges Bank purchased a new stake in Louisiana-Pacific in the fourth quarter worth about $53,186,000. Balyasny Asset Management L.P. increased its stake in shares of 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 lifted its holdings in shares of Louisiana-Pacific by 83.8% during 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 last quarter. Finally, Eminence Capital LP boosted its position in shares of Louisiana-Pacific by 31.4% in the 4th 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.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the completion of the sale, the director now owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction 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 transaction, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lizanne C. Gottung sold 3,591 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the sale, the director now directly owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,991 shares of company stock valued at $3,443,269. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock traded up $4.25 during midday trading on Friday, reaching $97.18. 528,515 shares of the company traded hands, compared to its average volume of 907,196. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $101.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 1.75. The business has a 50 day moving average of $89.76 and a two-hundred day moving average of $83.37. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 13.92 and a beta of 1.89.

Louisiana-Pacific (NYSE:LPX) last released 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 firm had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The company’s revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. As a group, research analysts predict that Louisiana-Pacific Co. will post 5.23 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is 28.57%.

Wall Street Analyst Weigh In

LPX has been the subject of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and set a $105.00 price objective (up previously from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a report on Thursday, August 8th. DA Davidson lifted 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. Loop Capital began coverage on shares of Louisiana-Pacific in a report on Friday, May 3rd. They set a “hold” rating and a $82.00 price target on the stock. Finally, StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific has a consensus rating of “Hold” and an average target price of $94.88.

Louisiana-Pacific Company Profile

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.