Inspire Investing LLC Buys 33,605 Shares of Louisiana-Pacific Corporation $LPX

Inspire Investing LLC increased its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 658.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,705 shares of the building manufacturing company’s stock after buying an additional 33,605 shares during the quarter. Inspire Investing LLC’s holdings in Louisiana-Pacific were worth $3,126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. North Ridge Wealth Advisors Inc. bought a new position in shares of Louisiana-Pacific during the 2nd quarter worth approximately $26,000. Los Angeles Capital Management LLC bought a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $29,000. Larson Financial Group LLC lifted its position in shares of Louisiana-Pacific by 291.2% during the 3rd quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock worth $48,000 after buying an additional 399 shares during the period. International Assets Investment Management LLC bought a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $52,000. Finally, Danske Bank A S bought a new position in shares of Louisiana-Pacific during the 3rd quarter worth approximately $80,000. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

LPX opened at $75.34 on Thursday. Louisiana-Pacific Corporation has a one year low of $66.12 and a one year high of $102.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48. The company’s 50 day simple moving average is $73.31 and its 200-day simple moving average is $80.02. The stock has a market capitalization of $5.26 billion, a P/E ratio of 63.85, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.14 by $0.24. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The business had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $569.99 million. During the same period in the prior year, the firm earned $1.27 earnings per share. Louisiana-Pacific’s revenue was down 20.7% compared to the same quarter last year. Sell-side analysts anticipate that Louisiana-Pacific Corporation will post 2 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio is 101.69%.

Analysts Set New Price Targets

Several research firms recently commented on LPX. TD Securities upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. BMO Capital Markets upgraded Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 target price for the company in a research report on Thursday, May 7th. TD upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Thursday, May 7th. Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Finally, Oppenheimer cut their target price on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $97.25.

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.