Posted by admin on Jun 26th, 2022
CAPROCK Group Inc. grew its position in shares of Louisiana-Pacific Co. (NYSE:LPX – Get Rating) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,073 shares of the building manufacturing company’s stock after purchasing an additional 200 shares during the quarter. CAPROCK Group Inc.’s holdings in Louisiana-Pacific were worth $253,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of LPX. Bessemer Group Inc. purchased a new position in shares of Louisiana-Pacific during the fourth quarter worth about $27,000. Rather & Kittrell Inc. purchased a new position in shares of Louisiana-Pacific during the fourth quarter worth about $43,000. Ellevest Inc. grew its holdings in shares of Louisiana-Pacific by 271.7% during the fourth quarter. Ellevest Inc. now owns 814 shares of the building manufacturing company’s stock worth $64,000 after purchasing an additional 595 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Louisiana-Pacific by 51.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,147 shares of the building manufacturing company’s stock worth $90,000 after buying an additional 390 shares during the last quarter. Finally, Covestor Ltd purchased a new position in shares of Louisiana-Pacific during the fourth quarter worth about $100,000. 94.99% of the stock is currently owned by institutional investors.
Shares of NYSE:LPX opened at $52.57 on Friday. The company has a 50-day moving average price of $65.85 and a 200 day moving average price of $68.11. Louisiana-Pacific Co. has a 52 week low of $49.98 and a 52 week high of $79.77. The company has a quick ratio of 2.09, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The company has a market cap of $4.32 billion, a P/E ratio of 3.17 and a beta of 1.53.
Louisiana-Pacific (NYSE:LPX – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The building manufacturing company reported $5.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.54 by $0.54. Louisiana-Pacific had a net margin of 31.62% and a return on equity of 105.01%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm earned $3.01 EPS. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. Analysts expect that Louisiana-Pacific Co. will post 14.87 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 26th. Investors of record on Thursday, May 12th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, May 11th. This represents a $0.88 annualized dividend and a dividend yield of 1.67%. Louisiana-Pacific’s dividend payout ratio is currently 5.31%.
In related news, Director Lizanne C. Gottung sold 7,635 shares of Louisiana-Pacific stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $75.02, for a total transaction of $572,777.70. Following the completion of the transaction, the director now directly owns 31,522 shares in the company, valued at approximately $2,364,780.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.26% of the company’s stock.
A number of equities analysts recently issued reports on the company. Bank of America lowered Louisiana-Pacific from a “buy” rating to a “neutral” rating and set a $67.00 price target on the stock. in a report on Thursday. TD Securities lowered their price target on Louisiana-Pacific from $85.00 to $75.00 in a report on Thursday. The Goldman Sachs Group lowered their price target on Louisiana-Pacific from $90.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, StockNews.com started coverage on Louisiana-Pacific in a report on Thursday, March 31st. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Louisiana-Pacific has an average rating of “Moderate Buy” and a consensus price target of $72.25.
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.
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