Louisiana-Pacific Corporation $LPX Shares Purchased by Moody National Bank Trust Division

Moody National Bank Trust Division boosted its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 59.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,006 shares of the building manufacturing company’s stock after acquiring an additional 7,445 shares during the period. Moody National Bank Trust Division’s holdings in Louisiana-Pacific were worth $1,574,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LPX. North Ridge Wealth Advisors Inc. purchased a new position in shares of Louisiana-Pacific in the 2nd quarter valued at about $26,000. Los Angeles Capital Management LLC purchased a new stake in shares of Louisiana-Pacific during the fourth quarter worth approximately $29,000. Western Wealth Management LLC acquired a new stake in Louisiana-Pacific in the first quarter valued at approximately $25,000. Parallel Advisors LLC raised its holdings in Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after acquiring an additional 255 shares in the last quarter. Finally, Root Financial Partners LLC lifted its stake 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 acquiring an additional 277 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

LPX stock opened at $77.33 on Thursday. The business has a 50 day moving average price of $75.14 and a 200 day moving average price of $77.81. The company has a quick ratio of 1.48, a current ratio of 3.26 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 65.53, a PEG ratio of 2.50 and a beta of 1.62. Louisiana-Pacific Corporation has a fifty-two week low of $66.12 and a fifty-two week high of $102.86.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The company had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $667.31 million. During the same quarter in the prior year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. Equities research analysts anticipate that Louisiana-Pacific Corporation will post 1.86 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Louisiana-Pacific’s dividend payout ratio is presently 101.69%.

Wall Street Analysts Forecast Growth

LPX has been the subject of several analyst reports. TD boosted their price target on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Jefferies Financial Group began 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 for the company in a research report on Thursday, May 7th. DA Davidson reiterated a “buy” rating and set a $114.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, May 5th. Finally, Zacks Research lowered Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.