Patten & Patten Inc. TN Lowers Stake in Louisiana-Pacific Corporation $LPX

Patten & Patten Inc. TN lowered its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 9.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 195,921 shares of the building manufacturing company’s stock after selling 19,940 shares during the period. Louisiana-Pacific accounts for approximately 0.9% of Patten & Patten Inc. TN’s portfolio, making the stock its 29th largest holding. Patten & Patten Inc. TN’s holdings in Louisiana-Pacific were worth $15,823,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in LPX. Millennium Management LLC boosted its position in shares of Louisiana-Pacific by 128.6% during the 1st quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock worth $16,259,000 after purchasing an additional 99,455 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Louisiana-Pacific in the 1st quarter valued at approximately $273,000. Goldman Sachs Group Inc. boosted its position in Louisiana-Pacific by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock valued at $25,274,000 after buying an additional 18,413 shares during the period. Empowered Funds LLC boosted its position in Louisiana-Pacific by 207.1% in the 1st quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock valued at $2,596,000 after buying an additional 19,029 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Louisiana-Pacific by 15.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock valued at $20,747,000 after buying an additional 29,846 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LPX. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Wednesday. TD raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Thursday. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a research report on Thursday. Oppenheimer decreased their price target on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Truist Financial reissued a “buy” rating and issued a $93.00 price target (down from $95.00) on shares of Louisiana-Pacific in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $97.25.

Louisiana-Pacific News Roundup

Here are the key news stories impacting Louisiana-Pacific this week:

• Positive Sentiment: BMO Capital upgraded Louisiana-Pacific to outperform and set a $94 price target, adding to the bullish tone around the stock. BMO Capital upgrades Louisiana-Pacific (LPX)
• Positive Sentiment: Truist reaffirmed its buy rating on LPX and kept a $93 target, implying meaningful upside from current levels.
• Positive Sentiment: Barclays reiterated an overweight rating and only trimmed its target slightly to $89, signaling continued confidence in the stock.
• Positive Sentiment: TD Securities upgraded LPX from hold to buy and assigned an $86 target, reflecting improved sentiment after the earnings report.
• Positive Sentiment: BMO Capital Markets also upgraded LPX earlier this week from market perform to outperform, while Oppenheimer maintained an outperform rating despite lowering its target to $107.
• Positive Sentiment: Louisiana-Pacific’s Q1 2026 results beat expectations, with EPS of $0.38 versus the $0.14 consensus, helping support the recent analyst upgrades.
• Neutral Sentiment: Zacks Research upgraded LPX from strong sell to hold, which is an improvement but still not a bullish call.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne M. Bruce sold 1,300 shares of Louisiana-Pacific stock in a transaction on Tuesday, March 10th. The shares were 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. The trade was a 7.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Bradley Southern sold 14,166 shares of Louisiana-Pacific stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $89.29, for a total transaction of $1,264,882.14. Following the sale, the chief executive officer directly owned 461,719 shares of the company’s stock, valued at approximately $41,226,889.51. This trade represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.65% of the company’s stock.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $75.23 on Friday. The stock has a market cap of $5.26 billion, a P/E ratio of 63.75, a price-to-earnings-growth ratio of 1.48 and a beta of 1.60. The company has a fifty day simple moving average of $75.15 and a 200-day simple moving average of $82.00. Louisiana-Pacific Corporation has a 12-month low of $66.68 and a 12-month high of $102.86. The company has a current ratio of 3.26, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.29. The business had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $569.99 million. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.27 EPS. Equities analysts expect that Louisiana-Pacific Corporation will post 2.56 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, May 14th. Louisiana-Pacific’s payout ratio is 94.92%.

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.