Louisiana-Pacific Corporation $LPX Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Louisiana-Pacific Corporation (NYSE:LPX) by 47.8% during the first quarter, Holdings Channel reports. The firm owned 24,605 shares of the building manufacturing company’s stock after buying an additional 7,962 shares during the quarter. Quantinno Capital Management LP’s holdings in Louisiana-Pacific were worth $1,790,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. North Ridge Wealth Advisors Inc. purchased a new position in shares of Louisiana-Pacific during the second quarter worth $26,000. Parallel Advisors LLC raised its holdings in shares of Louisiana-Pacific by 204.0% in the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after buying an additional 255 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Louisiana-Pacific in the 4th quarter valued at $29,000. Root Financial Partners LLC lifted 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 worth $32,000 after acquiring an additional 277 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in Louisiana-Pacific by 138.1% during the 1st quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 290 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LPX has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Wednesday, August 5th. Bank of America boosted their price target on shares of Louisiana-Pacific from $85.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. 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 research report on Tuesday, July 14th. Oppenheimer lowered their price objective on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Finally, Barclays dropped their price objective on shares of Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Eleven equities research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.00.

Louisiana-Pacific Stock Up 1.6%

Louisiana-Pacific stock opened at $75.58 on Wednesday. Louisiana-Pacific Corporation has a twelve month low of $66.12 and a twelve month high of $102.86. The stock’s fifty day simple moving average is $75.20 and its 200-day simple moving average is $77.34. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $5.28 billion, a P/E ratio of 95.67, a P/E/G ratio of 10.53 and a beta of 1.62.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The firm’s revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. As a group, equities analysts expect that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 151.90%.

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.