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

Moran Wealth Management LLC grew its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 70.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,395 shares of the building manufacturing company’s stock after purchasing an additional 7,622 shares during the quarter. Moran Wealth Management LLC’s holdings in Louisiana-Pacific were worth $1,338,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. North Ridge Wealth Advisors Inc. purchased a new stake in Louisiana-Pacific during the 2nd quarter worth approximately $26,000. Los Angeles Capital Management LLC purchased a new position in Louisiana-Pacific in the 4th quarter valued at approximately $29,000. Root Financial Partners LLC boosted its position in Louisiana-Pacific by 177.6% in the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after buying an additional 277 shares during the period. Larson Financial Group LLC grew its stake in shares of Louisiana-Pacific by 291.2% in the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock worth $48,000 after acquiring an additional 399 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Louisiana-Pacific in the fourth quarter worth $52,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Down 3.1%

Shares of Louisiana-Pacific stock traded down $2.40 during trading on Tuesday, hitting $75.21. 57,582 shares of the stock were exchanged, compared to its average volume of 1,122,829. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48. The firm’s 50-day moving average price is $74.50 and its 200 day moving average price is $79.50. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 63.72, a price-to-earnings-growth ratio of 1.99 and a beta of 1.60. Louisiana-Pacific Corporation has a 12-month low of $66.12 and a 12-month high of $102.86.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 EPS 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 for the quarter, compared to analyst estimates of $569.99 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. Louisiana-Pacific’s revenue for the quarter was down 20.7% compared to the same quarter last year. As a group, analysts forecast that Louisiana-Pacific Corporation will post 2 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

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

Analysts Set New Price Targets

LPX has been the topic of several analyst reports. Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Truist Financial reissued a “buy” rating and set a $93.00 target price (down from $95.00) on shares of Louisiana-Pacific in a research note on Friday, May 8th. Zacks Research downgraded Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. TD Securities raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Finally, Barclays decreased their price objective on Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $96.78.

Louisiana-Pacific Company 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.