Ceredex Value Advisors LLC Buys Shares of 129,700 Louisiana-Pacific Corporation $LPX

Key Points

• Ceredex Value Advisors initiated a position in Louisiana-Pacific by purchasing 129,700 shares valued at approximately $10.2 million, while institutional investors collectively own 94.73% of LPX.
• Louisiana-Pacific’s latest quarterly results fell short of expectations: EPS was $0.40 versus the $0.56 consensus estimate, revenue declined 12.1% year over year to $665 million, and EPS dropped from $0.99 in the prior-year quarter.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and a $94 average price target. The company also declared a $0.30 quarterly dividend, equating to a 1.6% yield.

Ceredex Value Advisors LLC bought 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 129,700 shares of the building manufacturing company's stock, valued at approximately $10,202,000. Ceredex Value Advisors LLC owned approximately 0.19% of Louisiana-Pacific at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LPX. Western Wealth Management LLC bought a new stake in shares of Louisiana-Pacific during the 1st quarter valued at $25,000. North Ridge Wealth Advisors Inc. bought a new position in Louisiana-Pacific in the 2nd quarter worth about $26,000. Parallel Advisors LLC boosted its stake 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. Los Angeles Capital Management LLC purchased a new position in Louisiana-Pacific during the 4th quarter valued at about $29,000. Finally, Root Financial Partners LLC grew its holdings 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 in the last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $73.94 on Friday. The business's 50-day moving average price is $75.39 and its two-hundred day moving average price is $76.59. Louisiana-Pacific Corporation has a twelve month low of $66.12 and a twelve month high of $101.28. The stock has a market cap of $5.17 billion, a P/E ratio of 93.60, a PEG ratio of 10.75 and a beta of 1.62. 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 issued its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) 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 business had revenue of $665.00 million for the quarter, compared to the consensus estimate of $667.31 million. During the same quarter last year, the business posted $0.99 EPS. The business's revenue was down 12.1% compared to the same quarter last year. As a group, equities analysts predict that Louisiana-Pacific Corporation will post 1.17 EPS for the current fiscal 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 given 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 1.6%. Louisiana-Pacific's dividend payout ratio (DPR) is 151.90%.

Analyst Upgrades and Downgrades

LPX has been the topic of a number of recent analyst reports. TD increased their price target on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Truist Financial reduced 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 decreased their target price 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. Jefferies Financial Group began coverage on shares of Louisiana-Pacific in a report on Tuesday, June 23rd. They set a "buy" rating and a $93.00 target price on the stock. Finally, BMO Capital Markets upgraded shares of Louisiana-Pacific from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Louisiana-Pacific presently has a consensus rating of "Moderate Buy" and a consensus price target 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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