Capstone Investment Advisors LLC Takes Position in Louisiana-Pacific Corporation $LPX

Capstone Investment Advisors LLC bought a new position in Louisiana-Pacific Corporation (NYSE:LPX) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 58,285 shares of the building manufacturing company’s stock, valued at approximately $4,585,000.

Several other large investors have also recently modified their holdings of LPX. Western Wealth Management LLC purchased a new stake in Louisiana-Pacific during the 1st quarter valued at $25,000. North Ridge Wealth Advisors Inc. purchased a new position in Louisiana-Pacific during the second quarter worth $26,000. Parallel Advisors LLC boosted its stake in Louisiana-Pacific by 204.0% during the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after buying an additional 255 shares during the period. Los Angeles Capital Management LLC bought a new position in Louisiana-Pacific during the fourth quarter valued at $29,000. Finally, Root Financial Partners LLC increased its position in Louisiana-Pacific by 177.6% during the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after acquiring an additional 277 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LPX shares. Barclays cut their price target on shares of Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Jefferies Financial Group began coverage on Louisiana-Pacific in a research report on Tuesday, June 23rd. They set a “buy” rating and a $93.00 target price for the company. Truist Financial cut their target price on Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. TD Securities upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. Finally, TD raised their price target on Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific currently has an average rating of “Moderate Buy” and an average price target of $94.00.

Louisiana-Pacific Stock Down 0.5%

Shares of NYSE:LPX opened at $70.86 on Friday. The business’s 50 day moving average is $74.94 and its 200 day moving average is $75.90. The stock has a market cap of $4.95 billion, a P/E ratio of 89.70, a price-to-earnings-growth ratio of 10.08 and a beta of 1.62. Louisiana-Pacific Corporation has a 52-week low of $66.12 and a 52-week high of $101.28. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The firm had revenue of $665.00 million for the quarter, compared to the consensus estimate of $667.31 million. During the same period last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. Sell-side analysts predict that Louisiana-Pacific Corporation will post 1.17 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 151.90%.

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.