Louisiana-Pacific Corporation $LPX Shares Purchased by Moody National Bank Trust Division

Moody National Bank Trust Division increased its position in shares of Louisiana-Pacific Corporation (NYSE:LPXFree Report) by 59.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,006 shares of the building manufacturing company’s stock after purchasing an additional 7,445 shares during the period. Moody National Bank Trust Division’s holdings in Louisiana-Pacific were worth $1,574,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Western Wealth Management LLC acquired a new stake in shares of Louisiana-Pacific during the 1st quarter worth approximately $25,000. North Ridge Wealth Advisors Inc. purchased a new position in Louisiana-Pacific in the second quarter worth approximately $26,000. Parallel Advisors LLC increased its stake in Louisiana-Pacific by 204.0% during the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after acquiring an additional 255 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Louisiana-Pacific in the fourth quarter valued at $29,000. Finally, Root Financial Partners LLC lifted its stake in shares of Louisiana-Pacific by 177.6% in the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after purchasing an additional 277 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $77.33 on Thursday. The business has a 50-day moving average of $75.14 and a 200 day moving average of $77.81. Louisiana-Pacific Corporation has a 12 month low of $66.12 and a 12 month high of $102.86. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 65.53, a price-to-earnings-growth ratio of 2.50 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48.

Louisiana-Pacific (NYSE:LPXGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The business had revenue of $665.00 million for the quarter, compared to analysts’ expectations of $667.31 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.99 earnings per share. As a group, sell-side analysts forecast that Louisiana-Pacific Corporation will post 1.86 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th. Louisiana-Pacific’s dividend payout ratio is presently 101.69%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Louisiana-Pacific in a report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 price objective on the stock. Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. DA Davidson reissued a “buy” rating and issued a $114.00 price target on shares of Louisiana-Pacific in a research note on Tuesday, May 5th. Bank of America upped their price objective on shares of Louisiana-Pacific from $85.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Louisiana-Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $97.80.

Check Out Our Latest Research Report on Louisiana-Pacific

About Louisiana-Pacific

(Free Report)

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.

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Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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