18,077 Shares in Louisiana-Pacific Corporation $LPX Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,077 shares of the building manufacturing company's stock, valued at approximately $1,422,000.

Other large investors have also made changes to their positions in the company. North Ridge Wealth Advisors Inc. purchased a new stake in Louisiana-Pacific during the second quarter valued at about $26,000. Los Angeles Capital Management LLC purchased a new position in shares of Louisiana-Pacific in the 4th quarter worth about $29,000. Western Wealth Management LLC purchased a new position in shares of Louisiana-Pacific in the 1st quarter worth about $25,000. Parallel Advisors LLC lifted its stake in shares of Louisiana-Pacific by 204.0% in the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company's stock valued at $28,000 after purchasing an additional 255 shares in the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of Louisiana-Pacific by 177.6% during the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company's stock worth $32,000 after purchasing an additional 277 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $68.23 on Tuesday. The stock's 50 day moving average price is $73.58 and its 200 day moving average price is $74.64. The firm has a market capitalization of $4.77 billion, a PE ratio of 86.37, a price-to-earnings-growth ratio of 9.65 and a beta of 1.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22. Louisiana-Pacific Corporation has a one year low of $66.12 and a one year high of $101.28.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.16). The firm had revenue of $664.00 million during the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The firm's revenue was down 12.1% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. As a group, sell-side analysts expect that Louisiana-Pacific Corporation will post 1.17 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 14th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 151.90%.

Analyst Ratings Changes

A number of analysts recently issued reports on LPX shares. Zacks Research downgraded shares of Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 30th. Truist Financial decreased their price objective on shares of Louisiana-Pacific from $91.00 to $89.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. DA Davidson reissued a "buy" rating and issued a $99.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, September 2nd. TD raised their target price on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, Barclays reduced their target price 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. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Louisiana-Pacific has a consensus rating of "Moderate Buy" and a consensus target price of $94.00.

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.

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