Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 64.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 15,200 shares of the building manufacturing company's stock after selling 27,410 shares during the period. Sei Investments Co.'s holdings in Louisiana-Pacific were worth $1,251,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Louisiana-Pacific during the second quarter worth about $5,944,000. Canada Pension Plan Investment Board increased its stake in Louisiana-Pacific by 40.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 196,400 shares of the building manufacturing company's stock worth $16,170,000 after buying an additional 56,700 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Louisiana-Pacific during the second quarter valued at approximately $3,705,000. XTX Topco Ltd lifted its position in shares of Louisiana-Pacific by 96.2% in the second quarter. XTX Topco Ltd now owns 21,545 shares of the building manufacturing company's stock valued at $1,774,000 after acquiring an additional 10,566 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Louisiana-Pacific by 168.4% in the second quarter. Hsbc Holdings PLC now owns 79,185 shares of the building manufacturing company's stock worth $6,546,000 after acquiring an additional 49,682 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Up 2.3 %

Shares of NYSE LPX traded up $2.44 during mid-day trading on Monday, reaching $108.21. 698,432 shares of the company's stock were exchanged, compared to its average volume of 857,543. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 4.95 and a beta of 1.88. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $109.73. The company's 50-day moving average is $98.23 and its 200-day moving average is $89.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38.

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

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific's dividend payout ratio (DPR) is 28.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial reaffirmed a "buy" rating and set a $105.00 target price (up previously from $101.00) on shares of Louisiana-Pacific in a report on Thursday, August 8th. The Goldman Sachs Group increased their price objective on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the company a "sell" rating in a report on Thursday, August 8th. Royal Bank of Canada boosted their target price on Louisiana-Pacific from $101.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. BMO Capital Markets lowered Louisiana-Pacific from an "outperform" rating to a "market perform" rating and set a $99.00 price target for the company. in a research report on Thursday, August 8th. Finally, DA Davidson lifted their price objective on Louisiana-Pacific from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $92.67.

Insider Activity

In related news, Director Ozey K. Horton, Jr. sold 800 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the transaction, the director now directly owns 29,008 shares in the company, valued at $2,787,668.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO William Bradley Southern sold 32,600 shares of the company's stock in a transaction on 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 owns 596,886 shares of the company's stock, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the sale, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. 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. 1.26% of the stock is currently owned by corporate insiders.

About Louisiana-Pacific

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.