Strs Ohio Invests $1.44 Million in Louisiana-Pacific Corporation $LPX

Strs Ohio bought a new position in Louisiana-Pacific Corporation (NYSE:LPX) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 15,649 shares of the building manufacturing company’s stock, valued at approximately $1,439,000.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its position in shares of Louisiana-Pacific by 76.1% in the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company’s stock worth $52,000 after acquiring an additional 242 shares in the last quarter. Fifth Third Bancorp raised its stake in Louisiana-Pacific by 41.5% during the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company’s stock valued at $96,000 after buying an additional 305 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Louisiana-Pacific by 67.2% during the first quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company’s stock valued at $111,000 after buying an additional 484 shares during the last quarter. Western Wealth Management LLC purchased a new position in Louisiana-Pacific during the fourth quarter valued at $207,000. Finally, Breed s Hill Capital LLC purchased a new position in Louisiana-Pacific during the fourth quarter valued at $207,000. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

NYSE LPX opened at $90.13 on Thursday. The company has a market capitalization of $6.28 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.09 and a beta of 1.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84. The business’s fifty day moving average is $93.61 and its 200 day moving average is $91.16. Louisiana-Pacific Corporation has a fifty-two week low of $78.82 and a fifty-two week high of $122.87.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $751.15 million. During the same period in the previous year, the business earned $2.09 earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. Sell-side analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 15th. Louisiana-Pacific’s payout ratio is presently 26.42%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LPX shares. Truist Financial lowered their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 11th. DA Davidson lowered their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, June 25th. Finally, Wall Street Zen cut Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $110.57.

Insider Activity at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the transaction, the director directly owned 29,728 shares in the company, valued at $3,002,528. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is owned by insiders.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.