Segall Bryant & Hamill LLC Buys New Holdings in Louisiana-Pacific Corporation $LPX

Segall Bryant & Hamill LLC purchased a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 295,705 shares of the building manufacturing company’s stock, valued at approximately $21,513,000.

A number of other institutional investors have also recently bought and sold shares of the business. Western Wealth Management LLC bought a new stake in Louisiana-Pacific in the first quarter valued at approximately $25,000. Janus Henderson Group PLC lifted its position in shares of Louisiana-Pacific by 19.7% in the first quarter. Janus Henderson Group PLC now owns 81,707 shares of the building manufacturing company’s stock valued at $5,947,000 after buying an additional 13,468 shares during the last quarter. South Dakota Investment Council boosted its stake in shares of Louisiana-Pacific by 351.5% during the 1st quarter. South Dakota Investment Council now owns 97,832 shares of the building manufacturing company’s stock worth $7,117,000 after acquiring an additional 76,165 shares during the period. Amundi boosted its stake in shares of Louisiana-Pacific by 311.0% during the 1st quarter. Amundi now owns 85,466 shares of the building manufacturing company’s stock worth $6,218,000 after acquiring an additional 64,671 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Louisiana-Pacific by 26.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 692 shares of the building manufacturing company’s stock worth $50,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $72.59 on Friday. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 61.51, a PEG ratio of 2.36 and a beta of 1.60. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. 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 $74.96 and its 200-day moving average is $78.24.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.24. The business had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period last year, the firm posted $1.27 EPS. Equities research analysts expect that Louisiana-Pacific Corporation will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LPX shares. TD Securities upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. Truist Financial reduced their price objective on shares of Louisiana-Pacific from $93.00 to $91.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Jefferies Financial Group assumed coverage on shares of Louisiana-Pacific in a report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 price objective on the stock. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective on the stock in a research report on Thursday, May 7th. Finally, Oppenheimer cut their target price 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. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Louisiana-Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $97.80.

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.