Quantinno Capital Management LP grew its holdings in Louisiana-Pacific Corporation (NYSE:LPX – Free Report) by 47.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,605 shares of the building manufacturing company’s stock after purchasing an additional 7,962 shares during the quarter. Quantinno Capital Management LP’s holdings in Louisiana-Pacific were worth $1,790,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in LPX. Geode Capital Management LLC lifted its position in Louisiana-Pacific by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,160,434 shares of the building manufacturing company’s stock worth $93,735,000 after buying an additional 18,287 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in Louisiana-Pacific in the 4th quarter valued at $14,472,000. Thrivent Financial for Lutherans grew its holdings in Louisiana-Pacific by 2,547.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 385,416 shares of the building manufacturing company’s stock valued at $31,126,000 after buying an additional 370,856 shares in the last quarter. Norges Bank acquired a new stake in shares of Louisiana-Pacific in the 4th quarter worth $60,184,000. Finally, Principal Financial Group Inc. increased its stake in shares of Louisiana-Pacific by 20.5% in the 1st quarter. Principal Financial Group Inc. now owns 497,852 shares of the building manufacturing company’s stock worth $36,219,000 after acquiring an additional 84,661 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. DA Davidson lowered their price target on shares of Louisiana-Pacific from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. BMO Capital Markets upgraded 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. The Goldman Sachs Group lifted their target price on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the stock a “sell” rating in a research note on Thursday, August 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Wednesday, August 5th. Finally, Zacks Research cut shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.00.
Louisiana-Pacific Price Performance
LPX stock opened at $75.58 on Wednesday. Louisiana-Pacific Corporation has a 52-week low of $66.12 and a 52-week high of $102.86. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 95.67, a price-to-earnings-growth ratio of 10.53 and a beta of 1.62. The business has a fifty day moving average of $75.20 and a two-hundred day moving average of $77.34.
Louisiana-Pacific (NYSE:LPX – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). The business had revenue of $665.00 million during the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period last year, the company earned $0.99 EPS. As a group, research analysts anticipate that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current year.
Louisiana-Pacific Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Louisiana-Pacific’s dividend payout ratio is presently 151.90%.
Louisiana-Pacific Company Profile
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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