James Investment Research Inc. decreased its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 64.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,388 shares of the building manufacturing company’s stock after selling 73,929 shares during the quarter. James Investment Research Inc.’s holdings in Louisiana-Pacific were worth $1,009,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in LPX. Lavaca Capital LLC bought a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $29,000. Valeo Financial Advisors LLC bought a new position in shares of Louisiana-Pacific during the 1st quarter worth approximately $45,000. Oregon Public Employees Retirement Fund lifted its position in shares of Louisiana-Pacific by 2,122.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,268,318 shares of the building manufacturing company’s stock worth $57,000 after buying an additional 1,211,238 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Louisiana-Pacific by 28.5% during the 4th quarter. Toronto Dominion Bank now owns 2,570 shares of the building manufacturing company’s stock worth $57,000 after buying an additional 570 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Louisiana-Pacific during the 3rd quarter worth approximately $202,000. 89.44% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Gary Cook sold 4,000 shares of Louisiana-Pacific stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $24.76, for a total value of $99,040.00. Following the completion of the transaction, the director now directly owns 52,139 shares in the company, valued at approximately $1,290,961.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.
Several equities analysts have commented on LPX shares. Bank of America raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $24.75 target price on the stock in a research report on Tuesday, April 30th. Longbow Research raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Wednesday. TD Securities raised their price target on shares of Louisiana-Pacific from $25.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, February 14th. Finally, ValuEngine upgraded shares of Louisiana-Pacific from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $28.68.
Shares of LPX stock traded down $0.57 during trading hours on Wednesday, hitting $23.36. 1,526,670 shares of the company were exchanged, compared to its average volume of 2,035,320. The company has a quick ratio of 2.25, a current ratio of 3.55 and a debt-to-equity ratio of 0.28. Louisiana-Pacific Co. has a 52-week low of $20.39 and a 52-week high of $32.16. The firm has a market cap of $2.92 billion, a P/E ratio of 8.53, a PEG ratio of 3.21 and a beta of 1.37.
Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Tuesday, May 7th. The building manufacturing company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). Louisiana-Pacific had a return on equity of 19.63% and a net margin of 12.16%. The company had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $601.49 million. During the same quarter in the previous year, the business earned $0.63 EPS. The company’s revenue for the quarter was down 15.8% on a year-over-year basis. As a group, equities analysts expect that Louisiana-Pacific Co. will post 1.5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 21st will be paid a $0.135 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.54 dividend on an annualized basis and a yield of 2.31%. Louisiana-Pacific’s dividend payout ratio is 19.71%.
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Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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