28,054 Shares in Louisiana-Pacific Corporation $LPX Bought by Diversified Management Inc.

Key Points

• Diversified Management Inc. bought 28,054 shares of Louisiana-Pacific during the third quarter, valued at approximately $1.81 million. Institutional investors collectively own 94.73% of LPX shares.
• LPX was trading at $65.04, near its 52-week low, after reporting quarterly EPS of $0.40—below the $0.56 analyst consensus—and a 12.1% year-over-year revenue decline.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $93.33, while Louisiana-Pacific pays a quarterly dividend of $0.30, yielding about 1.8%.

Diversified Management Inc. bought a new stake in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 28,054 shares of the building manufacturing company's stock, valued at approximately $1,811,000.

A number of other institutional investors and hedge funds have also modified their holdings of LPX. Western Wealth Management LLC bought a new stake in shares of Louisiana-Pacific in the first quarter worth approximately $25,000. Parallel Advisors LLC grew its position in Louisiana-Pacific by 204.0% in the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company's stock worth $28,000 after purchasing an additional 255 shares during the period. Root Financial Partners LLC raised its stake in Louisiana-Pacific by 177.6% during 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 last quarter. Whittier Trust Co. lifted its holdings in shares of Louisiana-Pacific by 138.1% during the 1st quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company's stock valued at $36,000 after buying an additional 290 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Louisiana-Pacific by 1,505.4% during the 1st quarter. Meeder Asset Management Inc. now owns 594 shares of the building manufacturing company's stock valued at $43,000 after buying an additional 557 shares during the period. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Up 0.5%

LPX opened at $65.04 on Friday. The firm has a 50-day simple moving average of $69.64 and a two-hundred day simple moving average of $72.44. Louisiana-Pacific Corporation has a 52 week low of $62.18 and a 52 week high of $100.34. The company has a market capitalization of $4.55 billion, a PE ratio of 82.33, a price-to-earnings-growth ratio of 9.16 and a beta of 1.63. 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 - Get Free Report) last posted its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.16). The firm had revenue of $664.00 million during the quarter, compared to analysts' expectations of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.Louisiana-Pacific's quarterly revenue was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Analysts forecast that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend 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%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group initiated coverage on Louisiana-Pacific in a research report on Tuesday, June 23rd. They set a "buy" rating and a $93.00 price objective for the company. Barclays cut their target price on shares of Louisiana-Pacific from $92.00 to $88.00 and set an "overweight" rating for the company in a research report on Tuesday. Wolfe Research assumed coverage on Louisiana-Pacific in a report on Thursday, September 10th. They issued an "outperform" rating and a $90.00 target price on the stock. DA Davidson reaffirmed a "buy" rating and issued a $99.00 price objective on shares of Louisiana-Pacific in a research note on Wednesday, September 2nd. Finally, Bank of America lifted their price objective on Louisiana-Pacific from $85.00 to $101.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $93.33.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation NYSE: LPX is a manufacturer of building products used in residential and light commercial construction. The company's portfolio includes engineered wood siding and trim, oriented strand board (OSB), and other engineered wood products designed for wall, roof, and structural applications.

Louisiana-Pacific is best known for its LP SmartSide siding and trim products, which are made from engineered wood and marketed as alternatives to traditional wood siding.

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