Emerald Mutual Fund Advisers Trust Acquires 1,654 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Emerald Mutual Fund Advisers Trust grew its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 230,642 shares of the building manufacturing company’s stock after purchasing an additional 1,654 shares during the quarter. Louisiana-Pacific makes up approximately 1.3% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 22nd biggest holding. Emerald Mutual Fund Advisers Trust owned about 0.32% of Louisiana-Pacific worth $24,785,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LPX. Allspring Global Investments Holdings LLC raised its position in shares of Louisiana-Pacific by 48,193.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock valued at $13,616,000 after acquiring an additional 161,931 shares during the period. Russell Investments Group Ltd. raised its position in shares of Louisiana-Pacific by 3.5% in the 1st quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock valued at $18,045,000 after acquiring an additional 7,367 shares during the period. Diversified Trust Co acquired a new stake in Louisiana-Pacific during the 2nd quarter worth approximately $590,000. Ensign Peak Advisors Inc raised its holdings in Louisiana-Pacific by 57.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock worth $2,917,000 after buying an additional 12,950 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in Louisiana-Pacific by 16.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company’s stock worth $3,914,000 after buying an additional 6,533 shares during the period. Institutional investors own 94.73% of the company’s stock.

Insiders Place Their Bets

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction on Friday, August 9th. The shares were 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 in the company, valued at $2,787,668.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 35,900 shares of company stock valued at $3,368,774. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada raised their target price 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. Bank of America raised their target price 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. Truist Financial raised their target price 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, The Goldman Sachs Group lifted their price objective on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a report on Thursday, August 8th. Two equities 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $93.56.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $100.49 on Friday. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average price is $101.36 and its two-hundred day moving average price is $92.27. Louisiana-Pacific Co. has a 1 year low of $55.06 and a 1 year high of $109.73. The firm has a market capitalization of $7.06 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 4.53 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 33.2% compared to the same quarter last year. As a group, research analysts anticipate that Louisiana-Pacific Co. will post 5.12 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a dividend of $0.26 per share. 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 dividend payout ratio (DPR) is currently 16.91%.

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.