Emerald Advisers LLC Acquires 27,544 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Emerald Advisers LLC grew its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 9.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 317,241 shares of the building manufacturing company's stock after purchasing an additional 27,544 shares during the period. Louisiana-Pacific comprises approximately 1.3% of Emerald Advisers LLC's investment portfolio, making the stock its 19th largest position. Emerald Advisers LLC owned 0.44% of Louisiana-Pacific worth $34,091,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. William Blair Investment Management LLC bought a new position in Louisiana-Pacific in the 2nd quarter valued at approximately $91,053,000. Marshall Wace LLP raised its holdings in Louisiana-Pacific by 92.4% in the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company's stock valued at $103,363,000 after buying an additional 602,803 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Louisiana-Pacific by 188.3% in the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company's stock valued at $36,834,000 after buying an additional 292,200 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Louisiana-Pacific by 768.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 270,341 shares of the building manufacturing company's stock valued at $22,257,000 after buying an additional 239,212 shares during the last quarter. Finally, Natixis bought a new position in Louisiana-Pacific in the 1st quarter valued at approximately $16,371,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Up 1.6 %

Shares of LPX stock traded up $1.59 during trading hours on Friday, hitting $100.49. 837,354 shares of the company were exchanged, compared to its average volume of 686,975. The firm has a market cap of $7.06 billion, a P/E ratio of 16.34, a P/E/G ratio of 4.53 and a beta of 1.88. 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 debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The company has a 50 day simple moving average of $101.36 and a two-hundred day simple moving average of $92.27.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (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 during the quarter, compared to the consensus estimate of $797.26 million. During the same quarter last year, the firm posted $0.55 EPS. Louisiana-Pacific's revenue was up 33.2% compared to the same quarter last year. Equities analysts anticipate that Louisiana-Pacific Co. will post 5.12 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors 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 of this dividend was Tuesday, August 20th. Louisiana-Pacific's payout ratio is currently 16.91%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a "sell" rating in a report on Thursday, August 8th. Bank of America raised their price target 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. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. Truist Financial raised their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a report 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 target for the company. in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific currently has an average rating of "Hold" and a consensus target price of $93.56.

Insider Activity at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific 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 of the company's stock, valued at approximately $55,773,027.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction 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 transaction, the director now directly owns 29,008 shares of the company's stock, valued at $2,787,668.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific 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 transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at $55,773,027.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,900 shares of company stock valued at $3,368,774. 1.26% of the stock is owned by company 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.