Folger Nolan Fleming Douglas Capital Management Inc. Invests $256,000 in Louisiana-Pacific Co. (NYSE:LPX)

Folger Nolan Fleming Douglas Capital Management Inc. acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,384 shares of the building manufacturing company’s stock, valued at approximately $256,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Louisiana-Pacific by 4.3% in the 3rd quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock worth $255,000 after purchasing an additional 97 shares during the period. Gateway Investment Advisers LLC increased its holdings in Louisiana-Pacific by 4.0% in the third quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock worth $280,000 after buying an additional 99 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Louisiana-Pacific by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock valued at $1,237,000 after acquiring an additional 167 shares during the last quarter. GAMMA Investing LLC grew its position in Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after acquiring an additional 177 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in Louisiana-Pacific by 0.3% in the first quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock worth $6,763,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

LPX has been the subject of a number of recent analyst reports. Bank of America upped 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. The Goldman Sachs Group raised their price target on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a report on Thursday, August 8th. Truist Financial boosted their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Finally, StockNews.com upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific currently has an average rating of “Hold” and a consensus target price of $93.56.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $98.66 on Thursday. The stock has a market cap of $7.07 billion, a PE ratio of 27.10, a P/E/G ratio of 4.63 and a beta of 1.88. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-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 firm has a 50-day moving average of $101.08 and a 200-day moving average of $91.86.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The business had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. During the same period last year, the firm posted $0.55 earnings per share. Louisiana-Pacific’s revenue was up 33.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.04 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a $0.26 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.04 dividend on an annualized basis and a yield of 1.05%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific 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 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO William Bradley Southern sold 32,600 shares of the company’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 sale, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,900 shares of company stock worth $3,368,774. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific 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.