Louisiana State Employees Retirement System Makes New Investment in Louisiana-Pacific Corporation $LPX

Louisiana State Employees Retirement System acquired a new stake in Louisiana-Pacific Corporation (NYSE:LPX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,400 shares of the building manufacturing company’s stock, valued at approximately $1,339,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Eminence Capital LP raised its position in shares of Louisiana-Pacific by 29.9% in the fourth 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. 59 North Capital Management LP grew its position in Louisiana-Pacific by 26.3% during the fourth quarter. 59 North Capital Management LP now owns 3,536,884 shares of the building manufacturing company’s stock worth $285,639,000 after buying an additional 737,406 shares in the last quarter. State Street Corp grew its position in Louisiana-Pacific by 1.3% during the fourth quarter. State Street Corp now owns 2,171,315 shares of the building manufacturing company’s stock worth $175,355,000 after buying an additional 27,710 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Louisiana-Pacific by 23.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,723,824 shares of the building manufacturing company’s stock worth $139,218,000 after acquiring an additional 332,794 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Louisiana-Pacific by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,624,489 shares of the building manufacturing company’s stock worth $131,202,000 after acquiring an additional 74,636 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 0.4%

NYSE LPX opened at $78.98 on Friday. The business has a fifty day moving average price of $74.34 and a two-hundred day moving average price of $79.60. 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 fifty-two week low of $66.12 and a fifty-two week high of $102.86. The stock has a market capitalization of $5.52 billion, a PE ratio of 66.94, a PEG ratio of 1.98 and a beta of 1.60.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.24. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The firm had revenue of $574.00 million for the quarter, compared to the consensus estimate of $569.99 million. During the same quarter last year, the business posted $1.27 EPS. The company’s revenue was down 20.7% compared to the same quarter last year. Equities analysts expect that Louisiana-Pacific Corporation will post 2 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.20 annualized dividend and a yield of 1.5%. Louisiana-Pacific’s dividend payout ratio (DPR) is 101.69%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. TD Securities upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. DA Davidson restated a “buy” rating and issued a $114.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, May 5th. TD raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Thursday, May 7th. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a research report on Thursday, May 7th. Finally, Truist Financial reiterated a “buy” rating and set a $93.00 price objective (down from $95.00) on shares of Louisiana-Pacific in a research note on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.78.

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.