Ceredex Value Advisors LLC Makes New Investment in Louisiana-Pacific Corporation $LPX

Ceredex Value Advisors LLC acquired a new position in Louisiana-Pacific Corporation (NYSE:LPX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 129,700 shares of the building manufacturing company’s stock, valued at approximately $10,202,000.

Other institutional investors have also recently modified their holdings of the company. North Ridge Wealth Advisors Inc. purchased a new position in shares of Louisiana-Pacific during the 2nd quarter valued at about $26,000. Los Angeles Capital Management LLC bought a new stake in Louisiana-Pacific in the 4th quarter worth approximately $29,000. Western Wealth Management LLC purchased a new stake in Louisiana-Pacific in the first quarter worth approximately $25,000. Parallel Advisors LLC boosted its stake in Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after buying an additional 255 shares in the last quarter. Finally, Root Financial Partners LLC grew its position in Louisiana-Pacific by 177.6% during the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after acquiring an additional 277 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LPX has been the topic of several research reports. TD Securities raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Wednesday, August 5th. TD lifted their target price on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Bank of America boosted their price target on shares of Louisiana-Pacific from $85.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, DA Davidson cut their price target on shares of Louisiana-Pacific from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

Louisiana-Pacific Stock Down 2.7%

Shares of NYSE LPX opened at $73.94 on Friday. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 93.60, a PEG ratio of 10.75 and a beta of 1.62. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $75.39 and its 200 day moving average is $76.59. Louisiana-Pacific Corporation has a 52 week low of $66.12 and a 52 week high of $101.28.

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

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 151.90%.

About Louisiana-Pacific

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.