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Louisiana-Pacific (NYSE:LPX - Get Rating) announced its quarterly earnings data on Tuesday. The building manufacturing company reported $4.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.38 by ($0.19), Briefing.com reports. Louisiana-Pacific had a net margin of 31.62% and a return on equity of 105.01%. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the company posted $4.74 EPS. The firm's revenue was down 3.3% on a year-over-year basis. Louisiana-Pacific Stock Performance

Shares of LPX stock traded up $0.97 during mid-day trading on Wednesday, hitting $58.51. The stock had a trading volume of 38,439 shares, compared to its average volume of 1,243,444. Louisiana-Pacific has a fifty-two week low of $49.98 and a fifty-two week high of $79.77. The firm has a market cap of $4.80 billion, a PE ratio of 3.59 and a beta of 1.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 2.09. The company's 50-day simple moving average is $59.79 and its 200-day simple moving average is $64.45. Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, August 17th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 5.31%. Institutional Trading of Louisiana-Pacific

Hedge funds have recently made changes to their positions in the company. Zions Bancorporation N.A. acquired a new stake in shares of Louisiana-Pacific in the 1st quarter worth $25,000. Covestor Ltd lifted its stake in shares of Louisiana-Pacific by 35.2% in the first quarter. Covestor Ltd now owns 1,720 shares of the building manufacturing company's stock valued at $107,000 after purchasing an additional 448 shares during the period. First Republic Investment Management Inc. lifted its stake in shares of Louisiana-Pacific by 8.6% in the first quarter. First Republic Investment Management Inc. now owns 3,514 shares of the building manufacturing company's stock valued at $218,000 after purchasing an additional 278 shares during the period. EHP Funds Inc. acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at about $242,000. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Louisiana-Pacific by 206.1% in the first quarter. Canada Pension Plan Investment Board now owns 4,500 shares of the building manufacturing company's stock valued at $280,000 after purchasing an additional 3,030 shares during the period. Institutional investors and hedge funds own 94.99% of the company's stock. Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial began coverage on shares of Louisiana-Pacific in a report on Wednesday, June 29th. They issued a "hold" rating and a $57.00 price objective on the stock. The Goldman Sachs Group dropped their price objective on shares of Louisiana-Pacific from $90.00 to $65.00 and set a "neutral" rating on the stock in a research report on Thursday, June 23rd. Bank of America downgraded shares of Louisiana-Pacific from a "buy" rating to a "neutral" rating and set a $67.00 price objective on the stock. in a research report on Thursday, June 23rd. Finally, TD Securities dropped their price objective on shares of Louisiana-Pacific from $85.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday, June 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $69.20.About Louisiana-Pacific (Get Rating)

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.Read MoreGet a free copy of the StockNews.com research report on Louisiana-Pacific (LPX)The How and Why of Investing in Gold StocksA Rounded Bottom In Draftkings, Inc Begins To Reverse CourseWorkhorse Group Is Ready To Get Back On The Horse Are 3M, Honeywell, GE Buys After Quarterly Reports?The How And Why of Investing in 5G Stocks

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