Eminence Capital LP Buys 932,177 Shares of Louisiana-Pacific Corporation $LPX

Eminence Capital LP lifted its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 29.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,048,136 shares of the building manufacturing company’s stock after purchasing an additional 932,177 shares during the quarter. Louisiana-Pacific accounts for about 5.2% of Eminence Capital LP’s portfolio, making the stock its 3rd largest position. Eminence Capital LP owned approximately 0.06% of Louisiana-Pacific worth $326,927,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. North Ridge Wealth Advisors Inc. acquired a new stake in shares of Louisiana-Pacific during the 2nd quarter valued at $26,000. Los Angeles Capital Management LLC acquired a new position in Louisiana-Pacific in the 4th quarter worth about $29,000. Larson Financial Group LLC raised its position in Louisiana-Pacific by 291.2% in the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock valued at $48,000 after purchasing an additional 399 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Louisiana-Pacific during the fourth quarter valued at about $52,000. Finally, Danske Bank A S acquired a new stake in shares of Louisiana-Pacific during the third quarter valued at about $80,000. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $75.34 on Thursday. The stock has a market capitalization of $5.26 billion, a PE ratio of 63.85, a PEG ratio of 1.94 and a beta of 1.59. The business’s 50 day simple moving average is $73.31 and its 200 day simple moving average is $80.02. 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 Corporation has a one year low of $66.12 and a one year high of $102.86.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results 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. The firm had revenue of $574.00 million during 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%. The company’s revenue was down 20.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.27 EPS. As a group, research analysts forecast 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. Shareholders of record on Thursday, May 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Louisiana-Pacific’s dividend payout ratio is 101.69%.

Wall Street Analysts Forecast Growth

LPX has been the subject of several recent research reports. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. TD upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $104.00 price target on shares of Louisiana-Pacific in a research report on Wednesday, February 18th. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a research note on Thursday, May 7th. Finally, Barclays reduced their price objective 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. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.25.

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.