Louisiana-Pacific Corporation $LPX Stake Boosted by KLCM Advisors Inc.

KLCM Advisors Inc. lifted its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 79.5% during the first quarter, Holdings Channel reports. The firm owned 150,550 shares of the building manufacturing company’s stock after buying an additional 66,681 shares during the period. KLCM Advisors Inc.’s holdings in Louisiana-Pacific were worth $10,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in LPX. North Ridge Wealth Advisors Inc. acquired a new position in Louisiana-Pacific during the 2nd quarter valued at approximately $26,000. Los Angeles Capital Management LLC acquired a new stake in Louisiana-Pacific in the fourth quarter worth $29,000. Root Financial Partners LLC increased its position in Louisiana-Pacific by 177.6% in the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after buying an additional 277 shares during the period. Whittier Trust Co. lifted its stake in Louisiana-Pacific by 138.1% in the first 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 last quarter. Finally, Larson Financial Group LLC lifted its stake in Louisiana-Pacific by 291.2% in the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock valued at $48,000 after buying an additional 399 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded up $0.63 on Friday, hitting $73.35. The company’s stock had a trading volume of 1,215,666 shares, compared to its average volume of 1,048,215. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 62.16, a price-to-earnings-growth ratio of 1.83 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.48 and a current ratio of 3.26. Louisiana-Pacific Corporation has a 12 month low of $66.12 and a 12 month high of $102.86. The stock’s 50-day moving average is $74.37 and its two-hundred day moving average is $79.24.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data 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. The business had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $569.99 million. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The company’s revenue was down 20.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.27 earnings per share. On average, equities research analysts forecast that Louisiana-Pacific Corporation will post 2 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, May 14th. Louisiana-Pacific’s payout ratio is 101.69%.

Analysts Set New Price Targets

Several equities analysts have recently commented on LPX shares. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. DA Davidson reissued a “buy” rating and set a $114.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, May 5th. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Finally, Oppenheimer cut their price target on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Ten equities 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.78.

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.