19,765 Shares in Louisiana-Pacific Corporation $LPX Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,765 shares of the building manufacturing company's stock, valued at approximately $1,555,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Louisiana-Pacific during the second quarter valued at approximately $506,638,000. Boston Partners purchased a new stake in shares of Louisiana-Pacific in the 3rd quarter worth approximately $100,770,000. Capital Research Global Investors increased its position in Louisiana-Pacific by 306.2% during the 4th quarter. Capital Research Global Investors now owns 1,273,497 shares of the building manufacturing company's stock valued at $102,848,000 after buying an additional 960,000 shares in the last quarter. Eminence Capital LP increased its position in Louisiana-Pacific by 29.9% during 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 buying an additional 932,177 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in Louisiana-Pacific during the first quarter valued at $56,596,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $73.19 on Monday. Louisiana-Pacific Corporation has a fifty-two week low of $66.12 and a fifty-two week high of $101.28. The business has a 50-day simple moving average of $75.35 and a two-hundred day simple moving average of $76.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 92.65, a price-to-earnings-growth ratio of 10.36 and a beta of 1.62.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results 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 company had revenue of $665.00 million for the quarter, compared to the consensus estimate of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. Louisiana-Pacific's revenue was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 EPS. On average, analysts expect that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th. Louisiana-Pacific's payout ratio is presently 151.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LPX. Oppenheimer cut their target price on Louisiana-Pacific from $115.00 to $107.00 and set an "outperform" rating on the stock in a research note on Thursday, May 7th. DA Davidson cut their price target on shares of Louisiana-Pacific from $103.00 to $99.00 and set a "buy" rating on the stock in a report on Wednesday, August 5th. TD Securities raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating in a research report on Thursday, May 7th. The Goldman Sachs Group boosted their price objective on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the stock a "sell" rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group initiated coverage on Louisiana-Pacific in a research report on Tuesday, June 23rd. They issued a "buy" rating and a $93.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $94.00.

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.

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