Greenhaven Road Investment Management L.P. Has $16.56 Million Holdings in Louisiana-Pacific Corporation $LPX

Greenhaven Road Investment Management L.P. cut its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 7.4% in the third quarter, HoldingsChannel reports. The firm owned 186,417 shares of the building manufacturing company’s stock after selling 15,000 shares during the quarter. Louisiana-Pacific accounts for 2.4% of Greenhaven Road Investment Management L.P.’s portfolio, making the stock its 8th largest position. Greenhaven Road Investment Management L.P.’s holdings in Louisiana-Pacific were worth $16,561,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Eminence Capital LP raised its stake in Louisiana-Pacific by 72.3% during the second quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company’s stock valued at $248,291,000 after purchasing an additional 1,211,495 shares in the last quarter. Boston Partners bought a new position in Louisiana-Pacific during the third quarter valued at $100,770,000. Norges Bank purchased a new position in shares of Louisiana-Pacific in the 2nd quarter worth $72,299,000. Victory Capital Management Inc. grew its stake in shares of Louisiana-Pacific by 674.8% in the 3rd quarter. Victory Capital Management Inc. now owns 698,646 shares of the building manufacturing company’s stock worth $62,068,000 after buying an additional 608,480 shares in the last quarter. Finally, Fernbridge Capital Management LP increased its holdings in shares of Louisiana-Pacific by 284.5% in the 3rd quarter. Fernbridge Capital Management LP now owns 820,755 shares of the building manufacturing company’s stock worth $72,916,000 after buying an additional 607,319 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Trading Down 2.5%

Shares of LPX opened at $75.13 on Thursday. The company’s fifty day simple moving average is $86.92 and its 200-day simple moving average is $86.35. The company has a market cap of $5.25 billion, a P/E ratio of 35.95 and a beta of 1.78. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a twelve month low of $73.42 and a twelve month high of $102.86.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $567.00 million during the quarter, compared to analysts’ expectations of $589.96 million. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. As a group, analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 53.59%.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne M. Bruce sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total transaction of $102,167.00. Following the completion of the sale, the director directly owned 17,160 shares of the company’s stock, valued at approximately $1,348,604.40. This trade represents a 7.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Bradley Southern sold 55,346 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $91.66, for a total value of $5,073,014.36. Following the transaction, the chief executive officer owned 503,381 shares of the company’s stock, valued at approximately $46,139,902.46. The trade was a 9.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 113,310 shares of company stock worth $10,235,781 over the last 90 days. Company insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

LPX has been the topic of several recent research reports. Truist Financial upped their target price on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Barclays lifted their price target on Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $104.00 price objective on shares of Louisiana-Pacific in a research note on Wednesday, February 18th. Finally, DA Davidson dropped their target price on Louisiana-Pacific from $117.00 to $114.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.83.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.