Chesapeake Capital Corp IL Decreases Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Chesapeake Capital Corp IL cut its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 51.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,959 shares of the building manufacturing company’s stock after selling 6,306 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Louisiana-Pacific were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. LifeSteps Financial Inc. purchased a new stake in shares of Louisiana-Pacific during the first quarter valued at approximately $25,000. Fidelis Capital Partners LLC purchased a new stake in Louisiana-Pacific during the 1st quarter valued at $25,000. Whittier Trust Co. bought a new stake in Louisiana-Pacific in the 1st quarter worth $31,000. Bessemer Group Inc. increased its position in shares of Louisiana-Pacific by 258.5% in the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after acquiring an additional 318 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after acquiring an additional 177 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Up 1.2 %

Shares of Louisiana-Pacific stock opened at $93.26 on Tuesday. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 0.59 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. Louisiana-Pacific Co. has a 1 year low of $49.47 and a 1 year high of $101.89. The company has a 50-day moving average of $92.04 and a 200 day moving average of $85.52.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping 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 company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. During the same quarter in the prior year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.05 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s payout ratio is 28.57%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LPX shares. The Goldman Sachs Group upped their price target on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research report on Thursday, August 8th. StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective on the stock. in a research report on Thursday, August 8th. DA Davidson raised their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Finally, Truist Financial reiterated a “buy” rating and set a $105.00 price target (up previously from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $94.88.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction dated 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 of the company’s stock, valued at $2,787,668.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the transaction, the director now directly owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lizanne C. Gottung sold 3,591 shares of Louisiana-Pacific stock in a transaction on Monday, June 17th. The stock was sold at an average price of $89.18, for a total value of $320,245.38. Following the completion of the sale, the director now directly owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,991 shares of company stock valued at $3,443,269. 1.26% of the stock is owned by insiders.

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.