Riverwater Partners LLC Has $1.08 Million Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Riverwater Partners LLC increased its stake in Louisiana-Pacific Co. (NYSE:LPX) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,025 shares of the building manufacturing company’s stock after purchasing an additional 252 shares during the period. Riverwater Partners LLC’s holdings in Louisiana-Pacific were worth $1,082,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its holdings in Louisiana-Pacific by 11.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock valued at $146,026,000 after buying an additional 177,132 shares during the period. Marshall Wace LLP increased its stake in Louisiana-Pacific by 92.4% in the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock valued at $103,363,000 after acquiring an additional 602,803 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Louisiana-Pacific during the second quarter valued at approximately $91,053,000. Jacobs Levy Equity Management Inc. lifted its stake in Louisiana-Pacific by 6.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 925,514 shares of the building manufacturing company’s stock worth $77,660,000 after purchasing an additional 57,966 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Louisiana-Pacific by 188.3% in the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock valued at $36,834,000 after purchasing an additional 292,200 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Bank of America boosted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. Truist Financial raised their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets cut Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $93.56.

Louisiana-Pacific Stock Up 0.4 %

Shares of NYSE LPX opened at $100.07 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The company’s 50 day moving average price is $100.50 and its 200-day moving average price is $91.13. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $109.73. The company has a market capitalization of $7.18 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 4.96 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.86 by $0.23. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The firm’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. Equities analysts forecast that Louisiana-Pacific Co. will post 5.04 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.04%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Insider Buying and Selling at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the transaction, the chief executive officer now owns 596,886 shares of the company’s stock, valued at $55,773,027.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,900 shares of company stock valued at $3,368,774. Corporate insiders own 1.26% of the company’s stock.

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.