Ceredex Value Advisors LLC Grows Position in Louisiana-Pacific Corporation $LPX

Ceredex Value Advisors LLC increased its position in Louisiana-Pacific Corporation (NYSE:LPX) by 57.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,100 shares of the building manufacturing company’s stock after buying an additional 45,175 shares during the quarter. Ceredex Value Advisors LLC owned 0.18% of Louisiana-Pacific worth $10,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Moran Wealth Management LLC grew its holdings in Louisiana-Pacific by 2.4% in the 2nd quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company’s stock worth $568,000 after acquiring an additional 156 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Louisiana-Pacific by 2.2% during the first quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company’s stock worth $732,000 after purchasing an additional 170 shares during the period. Wealthspire Advisors LLC grew its stake in shares of Louisiana-Pacific by 3.3% in the first quarter. Wealthspire Advisors LLC now owns 6,292 shares of the building manufacturing company’s stock worth $579,000 after purchasing an additional 200 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Louisiana-Pacific by 3.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,215 shares of the building manufacturing company’s stock valued at $572,000 after purchasing an additional 218 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Louisiana-Pacific by 9.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,904 shares of the building manufacturing company’s stock valued at $267,000 after purchasing an additional 261 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 0.6%

NYSE:LPX opened at $82.01 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. The firm’s 50-day moving average price is $84.99 and its 200-day moving average price is $89.65. The company has a market capitalization of $5.71 billion, a PE ratio of 19.34 and a beta of 1.80. Louisiana-Pacific Corporation has a 1-year low of $73.42 and a 1-year high of $121.61.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $663.00 million for the quarter, compared to the consensus estimate of $670.26 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The company’s revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 EPS. On average, equities analysts predict that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is 36.25%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LPX. Weiss Ratings reiterated a “hold (c)” rating on shares of Louisiana-Pacific in a report on Wednesday, October 8th. Zacks Research lowered Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Vertical Research started coverage on shares of Louisiana-Pacific in a research report on Monday, October 20th. They set a “buy” rating on the stock. DA Davidson restated a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a report on Thursday, November 20th. Finally, TD Securities cut their target price on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $106.33.

Insider Transactions at Louisiana-Pacific

In related news, Director Stephen E. Macadam bought 3,200 shares of the company’s stock in a transaction on Friday, November 7th. The shares were acquired at an average cost of $78.06 per share, with a total value of $249,792.00. Following the completion of the acquisition, the director owned 41,149 shares of the company’s stock, valued at $3,212,090.94. The trade was a 8.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

About Louisiana-Pacific

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.