Deprince Race & Zollo Inc. Buys New Position in Louisiana-Pacific Corporation $LPX

Deprince Race & Zollo Inc. bought a new position in Louisiana-Pacific Corporation (NYSE:LPX) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 777,956 shares of the building manufacturing company’s stock, valued at approximately $56,596,000. Louisiana-Pacific makes up 1.1% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 22nd largest holding.

Other large investors also recently modified their holdings of the company. Boston Partners bought a new stake in shares of Louisiana-Pacific in the 3rd quarter worth approximately $100,770,000. Capital Research Global Investors lifted its position in Louisiana-Pacific by 306.2% during the 4th quarter. Capital Research Global Investors now owns 1,273,497 shares of the building manufacturing company’s stock valued at $102,848,000 after acquiring an additional 960,000 shares during the period. Eminence Capital LP boosted its position in shares of Louisiana-Pacific by 29.9% in the 4th quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company’s stock worth $326,927,000 after purchasing an additional 932,177 shares in the last quarter. Norges Bank bought a new stake in Louisiana-Pacific in the fourth quarter worth $60,184,000. Finally, 59 North Capital Management LP grew its position in Louisiana-Pacific by 26.3% during the 4th quarter. 59 North Capital Management LP now owns 3,536,884 shares of the building manufacturing company’s stock valued at $285,639,000 after purchasing an additional 737,406 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Up 0.1%

LPX stock opened at $78.75 on Thursday. The company has a market capitalization of $5.50 billion, a PE ratio of 66.74, a P/E/G ratio of 1.98 and a beta of 1.60. The firm’s 50-day moving average is $74.17 and its 200 day moving average is $79.65. Louisiana-Pacific Corporation has a 12 month low of $66.12 and a 12 month high of $102.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.24. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The firm had revenue of $574.00 million during the quarter, compared to the consensus estimate of $569.99 million. During the same period in the previous year, the company posted $1.27 earnings per share. The firm’s quarterly revenue was down 20.7% on a year-over-year basis. On average, research analysts anticipate that Louisiana-Pacific Corporation will post 2 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. Louisiana-Pacific’s dividend payout ratio (DPR) is 101.69%.

Analyst Ratings Changes

LPX has been the subject of several recent analyst reports. Truist Financial restated a “buy” rating and issued a $93.00 price target (down from $95.00) on shares of Louisiana-Pacific in a research note on Friday, May 8th. Oppenheimer dropped their price target on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. BMO Capital Markets raised Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective on the stock in a research report on Thursday, May 7th. Jefferies Financial Group started coverage on shares of Louisiana-Pacific in a report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 target price for the company. Finally, Barclays cut their price objective on shares of Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $96.78.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.