Louisiana-Pacific Corporation $LPX Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC lifted its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 70.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,395 shares of the building manufacturing company’s stock after purchasing an additional 7,622 shares during the period. Moran Wealth Management LLC’s holdings in Louisiana-Pacific were worth $1,338,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LPX. Boston Partners acquired a new stake in shares of Louisiana-Pacific in the third quarter valued at approximately $100,770,000. Capital Research Global Investors boosted its stake in Louisiana-Pacific by 306.2% during the fourth quarter. Capital Research Global Investors now owns 1,273,497 shares of the building manufacturing company’s stock worth $102,848,000 after buying an additional 960,000 shares during the last quarter. Eminence Capital LP grew its holdings in 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 valued at $326,927,000 after buying an additional 932,177 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Louisiana-Pacific in the 1st quarter valued at $56,596,000. Finally, Norges Bank acquired a new stake in shares of Louisiana-Pacific in the 4th quarter worth $60,184,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Down 3.1%

Shares of NYSE LPX traded down $2.40 during mid-day trading on Tuesday, reaching $75.21. 57,582 shares of the company’s stock were exchanged, compared to its average volume of 1,122,829. The company’s 50-day moving average is $74.50 and its 200-day moving average is $79.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.48 and a current ratio of 3.26. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 63.72, a PEG ratio of 1.99 and a beta of 1.60. Louisiana-Pacific Corporation has a 52-week low of $66.12 and a 52-week high of $102.86.

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

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio is 101.69%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LPX shares. TD Securities upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. Zacks Research cut shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Barclays reduced their target price on shares of Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Oppenheimer decreased their target price on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Truist Financial reissued 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. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $96.78.

About Louisiana-Pacific

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.