Allspring Global Investments Holdings LLC Sells 30,914 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Allspring Global Investments Holdings LLC decreased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 20.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,319 shares of the building manufacturing company's stock after selling 30,914 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.17% of Louisiana-Pacific worth $13,144,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LPX. Fidelis Capital Partners LLC acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at $25,000. Whittier Trust Co. acquired a new stake in Louisiana-Pacific in the 1st quarter valued at about $31,000. V Square Quantitative Management LLC bought a new position in shares of Louisiana-Pacific during the 3rd quarter valued at about $43,000. Bessemer Group Inc. grew its stake in shares of Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company's stock worth $37,000 after purchasing an additional 318 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company's stock worth $40,000 after purchasing an additional 177 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insider Transactions at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 32,600 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the sale, the chief executive officer now 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now directly owns 21,005 shares in the company, valued at $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 available at the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock valued at $3,368,774 in the last three months. Corporate insiders own 1.26% of the company's stock.

Analyst Ratings Changes

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

Louisiana-Pacific Stock Down 2.7 %

NYSE:LPX traded down $2.80 on Friday, hitting $100.77. 407,080 shares of the company's stock traded hands, compared to its average volume of 848,267. The firm has a 50-day moving average price of $100.79 and a 200-day moving average price of $91.45. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The company has a market cap of $7.08 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 4.63 and a beta of 1.88. Louisiana-Pacific Co. has a 1 year low of $49.47 and a 1 year high of $109.73.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly 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. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The business had revenue of $814.00 million for the quarter, compared to analysts' expectations of $797.26 million. During the same period in the previous year, the company posted $0.55 EPS. Louisiana-Pacific's revenue was up 33.2% on a year-over-year basis. Equities analysts anticipate that Louisiana-Pacific Co. will post 5.04 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.03%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific's payout ratio is currently 16.91%.

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.