Strong Tower Advisory Services Increases Stake in Louisiana-Pacific Co. (NYSE:LPX)

Strong Tower Advisory Services increased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,092 shares of the building manufacturing company's stock after acquiring an additional 4,884 shares during the quarter. Louisiana-Pacific comprises about 1.8% of Strong Tower Advisory Services' portfolio, making the stock its 16th largest holding. Strong Tower Advisory Services owned approximately 0.08% of Louisiana-Pacific worth $6,350,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Louisiana-Pacific by 83.8% in 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 in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Louisiana-Pacific in the 4th quarter valued at about $92,000. Moody National Bank Trust Division grew its position in Louisiana-Pacific by 20.9% in the first quarter. Moody National Bank Trust Division now owns 7,812 shares of the building manufacturing company's stock worth $656,000 after acquiring an additional 1,350 shares in the last quarter. First Hawaiian Bank increased its stake in Louisiana-Pacific by 22.0% during the first quarter. First Hawaiian Bank now owns 10,481 shares of the building manufacturing company's stock worth $879,000 after acquiring an additional 1,890 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. purchased a new stake in Louisiana-Pacific during the first quarter valued at approximately $200,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com lowered Louisiana-Pacific from a "buy" rating to a "hold" rating in a report on Friday, September 13th. Bank of America raised their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. Truist Financial reiterated a "buy" rating and set a $105.00 price target (up from $101.00) on shares of Louisiana-Pacific in a report on Thursday, August 8th. DA Davidson raised their price objective on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, June 14th. Finally, The Goldman Sachs Group upped their target price on Louisiana-Pacific from $78.00 to $86.00 and gave the company a "sell" rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $92.67.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction on 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 sale, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 29,008 shares of the company's stock, valued at approximately $2,787,668.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William Bradley Southern sold 32,600 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 596,886 shares of the company's stock, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,900 shares of company stock worth $3,368,774 over the last three months. Corporate insiders own 1.26% of the company's stock.

Louisiana-Pacific Stock Up 0.6 %

Shares of NYSE:LPX traded up $0.66 during trading hours on Friday, hitting $104.70. The company's stock had a trading volume of 659,224 shares, compared to its average volume of 855,343. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The firm's fifty day moving average price is $98.93 and its 200 day moving average price is $89.77. 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 $7.36 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 4.96 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million during 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%. Louisiana-Pacific's revenue was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, research analysts expect that Louisiana-Pacific Co. will post 5.04 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. Louisiana-Pacific's payout ratio is 16.91%.

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.