SG Americas Securities LLC Purchases 39,727 Shares of Louisiana-Pacific Corporation $LPX

SG Americas Securities LLC increased its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 183.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,330 shares of the building manufacturing company’s stock after buying an additional 39,727 shares during the period. SG Americas Securities LLC owned 0.09% of Louisiana-Pacific worth $5,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Chung Wu Investment Group LLC purchased a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at about $26,000. North Ridge Wealth Advisors Inc. purchased a new stake in Louisiana-Pacific in the second quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Louisiana-Pacific in the second quarter valued at approximately $34,000. RMG Wealth Management LLC bought a new stake in Louisiana-Pacific during the second quarter valued at approximately $44,000. Finally, Beacon Capital Management LLC grew its stake in Louisiana-Pacific by 570.6% in the 2nd quarter. Beacon Capital Management LLC now owns 684 shares of the building manufacturing company’s stock worth $59,000 after buying an additional 582 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LPX has been the subject of a number of research analyst reports. TD Securities dropped their price objective on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. DA Davidson restated a “buy” rating and set a $117.00 price target on shares of Louisiana-Pacific in a research report on Thursday, November 20th. Barclays initiated coverage on Louisiana-Pacific in a report on Monday, December 8th. They issued an “overweight” rating and a $100.00 price objective for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday, December 29th. Finally, Royal Bank Of Canada dropped their target price on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.43.

Louisiana-Pacific Stock Up 9.1%

Shares of NYSE:LPX opened at $92.14 on Friday. The stock has a market capitalization of $6.42 billion, a P/E ratio of 29.82 and a beta of 1.80. The stock’s 50-day moving average price is $81.59 and its 200-day moving average price is $88.14. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 12-month low of $73.42 and a 12-month high of $119.91.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $663.00 million during the quarter, compared to the consensus estimate of $670.26 million. Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The company’s revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm posted $1.22 EPS. On average, equities analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were given a $0.28 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.2%. Louisiana-Pacific’s payout ratio is presently 36.25%.

Insider Buying and Selling

In other news, CEO William Bradley Southern sold 1,318 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $85.38, for a total transaction of $112,530.84. Following the completion of the sale, the chief executive officer owned 558,590 shares of the company’s stock, valued at approximately $47,692,414.20. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen E. Macadam bought 3,200 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $78.06 per share, for a total transaction of $249,792.00. Following the acquisition, the director directly owned 41,149 shares of the company’s stock, valued at approximately $3,212,090.94. The trade was a 8.43% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.42% of the company’s stock.

About Louisiana-Pacific

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.