Posted by admin on Aug 12th, 2022

State Board of Administration of Florida Retirement System cut its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX – Get Rating) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,345 shares of the building manufacturing company’s stock after selling 2,782 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.07% of Louisiana-Pacific worth $3,873,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rather & Kittrell Inc. bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth approximately $43,000. TCI Wealth Advisors Inc. bought a new stake in Louisiana-Pacific in the 1st quarter worth approximately $39,000. Ahrens Investment Partners LLC bought a new position in shares of Louisiana-Pacific during the 1st quarter valued at $40,000. Ellevest Inc. boosted its stake in shares of Louisiana-Pacific by 51.6% in the 1st quarter. Ellevest Inc. now owns 1,234 shares of the building manufacturing company’s stock worth $77,000 after buying an additional 420 shares during the last quarter. Finally, Covestor Ltd bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth $100,000. 94.99% of the stock is currently owned by institutional investors.

Shares of LPX stock opened at $59.49 on Friday. The company has a current ratio of 2.60, a quick ratio of 2.09 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 3.63 and a beta of 1.65. Louisiana-Pacific Co. has a 12-month low of $49.98 and a 12-month high of $79.77. The stock’s 50-day moving average price is $59.31 and its 200-day moving average price is $64.35.

Louisiana-Pacific (NYSE:LPX – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The building manufacturing company reported $4.19 earnings per share for the quarter, missing the consensus estimate of $4.38 by ($0.19). The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Louisiana-Pacific had a net margin of 30.50% and a return on equity of 94.18%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.74 EPS. Equities research analysts predict that Louisiana-Pacific Co. will post 13.57 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.88 annualized dividend and a yield of 1.48%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 5.37%.

LPX has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of Louisiana-Pacific from $90.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, June 23rd. Bank of America cut 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, June 23rd. TD Securities dropped their price objective on Louisiana-Pacific from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Truist Financial started coverage on Louisiana-Pacific in a research note on Wednesday, June 29th. They set a “hold” rating and a $57.00 target price on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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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