Louisiana-Pacific Corporation $LPX Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 56.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,489 shares of the building manufacturing company’s stock after selling 49,613 shares during the period. Sterling Capital Management LLC owned 0.06% of Louisiana-Pacific worth $2,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Boston Partners purchased a new stake in Louisiana-Pacific during the 3rd quarter worth approximately $100,770,000. Capital Research Global Investors increased its position in shares of 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 purchasing an additional 960,000 shares in the last quarter. Eminence Capital LP raised its stake 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 purchasing an additional 932,177 shares during the last quarter. Norges Bank acquired a new position in Louisiana-Pacific in the 4th quarter valued at $60,184,000. Finally, 59 North Capital Management LP lifted its holdings in Louisiana-Pacific by 26.3% in 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 in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. TD raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Thursday, May 7th. Barclays lowered their price target on shares of Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a research note on Thursday, May 7th. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Truist Financial reissued a “buy” rating and issued a $93.00 target price (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 and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $96.78.

Louisiana-Pacific Trading Down 0.1%

Shares of LPX stock opened at $82.32 on Monday. The company’s 50-day moving average price is $73.87 and its 200-day moving average price is $79.80. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 69.77, a PEG ratio of 2.07 and a beta of 1.60. Louisiana-Pacific Corporation has a twelve month low of $66.12 and a twelve month high of $102.86.

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

Louisiana-Pacific Dividend Announcement

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

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.