Ceredex Value Advisors LLC Sells 32,550 Shares of Louisiana-Pacific Corporation $LPX

Ceredex Value Advisors LLC cut its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 26.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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 owned 0.13% of Louisiana-Pacific worth $8,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Swiss National Bank lifted its position in Louisiana-Pacific by 1.4% in the third quarter. Swiss National Bank now owns 121,400 shares of the building manufacturing company’s stock valued at $10,785,000 after purchasing an additional 1,700 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Louisiana-Pacific by 2.7% in the third quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company’s stock worth $611,000 after purchasing an additional 183 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Louisiana-Pacific by 10.4% in the third quarter. Russell Investments Group Ltd. now owns 201,177 shares of the building manufacturing company’s stock worth $17,873,000 after purchasing an additional 19,012 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Louisiana-Pacific in the third quarter worth $205,000. Finally, First Trust Advisors LP raised its holdings in Louisiana-Pacific by 7.5% during the 3rd quarter. First Trust Advisors LP now owns 296,107 shares of the building manufacturing company’s stock valued at $26,306,000 after buying an additional 20,609 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LPX shares. Oppenheimer reissued an “outperform” rating on shares of Louisiana-Pacific in a research report on Tuesday, March 3rd. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Barclays increased 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. Truist Financial raised their target price on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $105.83.

Louisiana-Pacific Stock Up 1.8%

Shares of Louisiana-Pacific stock opened at $79.02 on Wednesday. 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 market cap of $5.52 billion, a P/E ratio of 37.81 and a beta of 1.78. The company’s fifty day simple moving average is $87.63 and its two-hundred day simple moving average is $87.15.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $589.96 million. During the same period last year, the company posted $1.03 EPS. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. Research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders 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%. 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 presently 53.59%.

Insider Buying and Selling

In other news, Director F Nicholas Grasberger III purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought 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 directly owned 38,954 shares of the company’s stock, valued at $3,330,177.46. This trade represents a 105.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William Bradley Southern sold 55,346 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $91.66, for a total value of $5,073,014.36. Following the completion of the sale, the chief executive officer directly owned 503,381 shares in the company, valued at approximately $46,139,902.46. The trade was a 9.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 155,842 shares of company stock worth $13,912,978 in the last quarter. Company insiders own 1.42% of the company’s stock.

Louisiana-Pacific Profile

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.