Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 91.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,955 shares of the building manufacturing company's stock after selling 247,386 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Louisiana-Pacific were worth $2,467,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LPX. William Blair Investment Management LLC purchased a new position in Louisiana-Pacific in the second quarter worth approximately $91,053,000. Marshall Wace LLP grew its holdings in shares of Louisiana-Pacific by 92.4% during the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company's stock worth $103,363,000 after purchasing an additional 602,803 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company's stock worth $36,834,000 after purchasing an additional 292,200 shares during the period. Natixis acquired a new stake in shares of Louisiana-Pacific during the 1st quarter worth about $16,371,000. Finally, Westwood Holdings Group Inc. purchased a new stake in Louisiana-Pacific in the 1st quarter valued at about $15,649,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Insider Transactions at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 32,600 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were 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 in the company, 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 the SEC website. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the company'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 transaction of $3,046,144.00. Following the completion of the sale, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $76,880.00. Following the completion of the transaction, the director now directly owns 29,008 shares in the company, valued at approximately $2,787,668.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,900 shares of company stock worth $3,368,774. Insiders own 1.26% of the company's stock.

Louisiana-Pacific Stock Up 1.4 %

NYSE LPX traded up $1.36 on Friday, hitting $100.26. 566,820 shares of the stock were exchanged, compared to its average volume of 842,757. Louisiana-Pacific Co. has a fifty-two week low of $55.06 and a fifty-two week high of $109.73. The company has a 50-day moving average price of $101.30 and a 200-day moving average price of $91.96. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The company has a market cap of $7.05 billion, a PE ratio of 16.39, a PEG ratio of 4.52 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.23. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The firm's quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. Sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.12 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. Investors of record on Tuesday, August 20th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.04%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 16.91%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a "sell" rating in a research note on Thursday, August 8th. Bank of America lifted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an "underperform" rating in a report on Thursday, September 12th. StockNews.com upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. BMO Capital Markets downgraded Louisiana-Pacific from an "outperform" rating to a "market perform" rating and set a $99.00 price objective on the stock. in a report on Thursday, August 8th. Finally, Truist Financial raised their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $93.56.

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.