Robotti Robert Invests $6.24 Million in Louisiana-Pacific Corporation $LPX

Robotti Robert bought a new stake in Louisiana-Pacific Corporation (NYSE:LPX) in the 2nd quarter, Holdings Channel.com reports. The firm bought 79,351 shares of the building manufacturing company’s stock, valued at approximately $6,242,000. Louisiana-Pacific accounts for about 1.0% of Robotti Robert’s portfolio, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of LPX. Meeder Asset Management Inc. bought a new position in Louisiana-Pacific during the second quarter worth about $113,000. BlackRock Inc. bought a new stake in Louisiana-Pacific in the second quarter valued at approximately $506,638,000. Deutsche Bank AG acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at approximately $1,871,000. Perigon Wealth Management LLC acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at approximately $452,000. Finally, Simplicity Wealth LLC bought a new position in shares of Louisiana-Pacific during the 2nd quarter worth approximately $944,000. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $71.25 on Wednesday. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 90.20, a PEG ratio of 10.46 and a beta of 1.62. The company has a current ratio of 3.22, a quick ratio of 1.67 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 $101.28. The stock’s 50 day moving average is $75.33 and its 200-day moving average is $76.74.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). The firm had revenue of $665.00 million for the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The business’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. Equities research analysts expect that Louisiana-Pacific Corporation will post 1.17 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The company 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 151.90%.

Analyst Ratings Changes

A number of research firms recently weighed in on LPX. TD boosted their target price on Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Zacks Research downgraded Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Wednesday, August 5th. Bank of America upped their price objective on shares of Louisiana-Pacific from $85.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, TD Securities raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.00.

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.