194,210 Shares in Louisiana-Pacific Corporation $LPX Bought by Cooke & Bieler LP

Cooke & Bieler LP acquired a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 194,210 shares of the building manufacturing company’s stock, valued at approximately $12,536,000. Cooke & Bieler LP owned 0.28% of Louisiana-Pacific at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LPX. BlackRock Inc. acquired a new stake in Louisiana-Pacific in the 2nd quarter valued at approximately $506,638,000. Berkshire Hathaway Inc bought a new stake in Louisiana-Pacific during the 2nd quarter valued at $445,593,000. Dimensional Fund Advisors LP raised its stake in Louisiana-Pacific by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,639,721 shares of the building manufacturing company’s stock valued at $119,279,000 after acquiring an additional 15,232 shares in the last quarter. Maple Rock Capital Partners Inc. raised its stake in Louisiana-Pacific by 36.8% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company’s stock valued at $119,709,000 after acquiring an additional 409,300 shares in the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in Louisiana-Pacific during the 1st quarter worth $56,596,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $72.61 on Thursday. The firm’s 50 day moving average is $68.47 and its 200-day moving average is $72.22. The stock has a market capitalization of $5.08 billion, a P/E ratio of 61.84, a P/E/G ratio of 5.60 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67. Louisiana-Pacific Corporation has a 12-month low of $62.18 and a 12-month high of $100.34.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results 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 firm had revenue of $664.00 million for 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%. Louisiana-Pacific’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.99 earnings per share. Equities research analysts anticipate that Louisiana-Pacific Corporation will post 1.13 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific’s dividend payout ratio is 151.90%.

Analyst Upgrades and Downgrades

LPX has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their price target on Louisiana-Pacific from $74.00 to $64.00 and set a “sell” rating for the company in a research note on Monday, October 12th. Truist Financial lowered their price target on Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Royal Bank Of Canada cut their price objective on shares of Louisiana-Pacific from $92.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Finally, Bank of America reduced their price objective on shares of Louisiana-Pacific from $100.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $89.50.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.