Posted by admin on Jul 21st, 2022
DekaBank Deutsche Girozentrale lifted its stake in Louisiana-Pacific Co. (NYSE:LPX – Get Rating) by 53.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 34,190 shares of the building manufacturing company’s stock after buying an additional 11,969 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Louisiana-Pacific were worth $2,223,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of LPX. First Trust Advisors LP raised its position in Louisiana-Pacific by 9.8% in the 4th quarter. First Trust Advisors LP now owns 2,656,789 shares of the building manufacturing company’s stock worth $208,159,000 after buying an additional 238,073 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Louisiana-Pacific by 9.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,991,422 shares of the building manufacturing company’s stock worth $156,028,000 after buying an additional 170,605 shares during the last quarter. LSV Asset Management raised its position in Louisiana-Pacific by 16.4% in the 4th quarter. LSV Asset Management now owns 1,483,322 shares of the building manufacturing company’s stock worth $116,218,000 after buying an additional 208,600 shares during the last quarter. Geode Capital Management LLC raised its position in Louisiana-Pacific by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 1,482,588 shares of the building manufacturing company’s stock worth $118,146,000 after buying an additional 98,073 shares during the last quarter. Finally, Invesco Ltd. raised its position in Louisiana-Pacific by 7.1% in the 4th quarter. Invesco Ltd. now owns 997,423 shares of the building manufacturing company’s stock worth $78,148,000 after buying an additional 66,058 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.
In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 7,635 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $75.02, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by corporate insiders.
Shares of NYSE:LPX opened at $61.19 on Thursday. The stock has a 50 day moving average of $61.44 and a 200 day moving average of $65.64. The company has a market cap of $5.02 billion, a PE ratio of 3.69 and a beta of 1.62. The company has a current ratio of 2.92, a quick ratio of 2.09 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12-month low of $49.98 and a 12-month high of $79.77.
Louisiana-Pacific (NYSE:LPX – Get Rating) last announced its quarterly earnings data 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. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.26 billion. Louisiana-Pacific had a return on equity of 105.01% and a net margin of 31.62%. The firm’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.01 EPS. As a group, equities research analysts expect that Louisiana-Pacific Co. will post 13.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th were paid a $0.22 dividend. The ex-dividend date was Wednesday, May 11th. This represents a $0.88 annualized dividend and a yield of 1.44%. Louisiana-Pacific’s payout ratio is 5.31%.
A number of equities analysts have weighed in on the company. The Goldman Sachs Group decreased their target price on Louisiana-Pacific from $90.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, June 23rd. StockNews.com began coverage on Louisiana-Pacific in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial began coverage on shares of Louisiana-Pacific in a research report on Wednesday, June 29th. They set a “hold” rating and a $57.00 price target for the company. TD Securities reduced their price target on shares of Louisiana-Pacific from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, June 23rd. Finally, Bank of America lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and set a $67.00 price target for the company. in a research report on Thursday, June 23rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $69.20.
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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