Louisiana-Pacific (NYSE:LPX) issued its quarterly earnings data on Tuesday. The construction company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.15, Bloomberg Earnings reports. The firm had revenue of $710.60 million during the quarter, compared to analyst estimates of $654.26 million. Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share.
Louisiana-Pacific (NYSE:LPX) opened at $28.44 on Tuesday. The company has a market capitalization of $3,976.78, a PE ratio of 14.92, a P/E/G ratio of 2.65 and a beta of 1.62. Louisiana-Pacific has a 12-month low of $22.07 and a 12-month high of $31.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.25 and a quick ratio of 4.31.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 26th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.83%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPX. Public Employees Retirement System of Ohio grew its position in Louisiana-Pacific by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after acquiring an additional 56 shares in the last quarter. Flinton Capital Management LLC grew its position in Louisiana-Pacific by 76.1% in the second quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company’s stock worth $176,000 after acquiring an additional 3,152 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in Louisiana-Pacific in the third quarter worth about $202,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Louisiana-Pacific by 43.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the construction company’s stock worth $215,000 after acquiring an additional 2,481 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Louisiana-Pacific in the third quarter worth about $255,000. Institutional investors own 92.31% of the company’s stock.
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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