Charles Schwab Investment Management Inc. Trims Stock Position in Louisiana-Pacific Corporation (NYSE:LPX)

Charles Schwab Investment Management Inc. lessened its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 638,407 shares of the building manufacturing company’s stock after selling 16,398 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Louisiana-Pacific were worth $58,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LPX. UMB Bank n.a. boosted its position in Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company’s stock worth $52,000 after acquiring an additional 242 shares during the last quarter. Fifth Third Bancorp boosted its position in Louisiana-Pacific by 41.5% during the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company’s stock worth $96,000 after acquiring an additional 305 shares during the last quarter. GeoWealth Management LLC boosted its position in Louisiana-Pacific by 1,184.9% during the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company’s stock worth $97,000 after acquiring an additional 865 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Louisiana-Pacific by 67.2% during the first quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company’s stock worth $111,000 after acquiring an additional 484 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in Louisiana-Pacific by 31.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,681 shares of the building manufacturing company’s stock worth $174,000 after acquiring an additional 399 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. DA Davidson cut their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, June 25th. Royal Bank Of Canada raised their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Truist Financial cut their target price on shares of Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Finally, Loop Capital raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $106.13.

Louisiana-Pacific Price Performance

LPX opened at $99.49 on Friday. The company has a fifty day simple moving average of $90.46 and a 200 day simple moving average of $93.36. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.24 and a beta of 1.80. Louisiana-Pacific Corporation has a twelve month low of $78.82 and a twelve month high of $122.87. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The business had revenue of $755.00 million during the quarter, compared to analyst estimates of $751.15 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period last year, the business earned $2.09 EPS. Equities research analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 26.42%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the transaction, the director directly owned 29,728 shares of the company’s stock, valued at $3,002,528. This trade represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lizanne C. Gottung sold 1,179 shares of the firm’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total transaction of $105,544.08. Following the transaction, the director directly owned 18,838 shares of the company’s stock, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by company insiders.

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.