Burney Co. grew its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 24.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,024 shares of the building manufacturing company’s stock after acquiring an additional 10,859 shares during the period. Burney Co.’s holdings in Louisiana-Pacific were worth $1,366,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Valeo Financial Advisors LLC purchased a new stake in Louisiana-Pacific in the first quarter worth about $45,000. Toronto Dominion Bank grew its holdings in Louisiana-Pacific by 28.5% in the fourth quarter. Toronto Dominion Bank now owns 2,570 shares of the building manufacturing company’s stock worth $57,000 after purchasing an additional 570 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Louisiana-Pacific by 2,122.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,268,318 shares of the building manufacturing company’s stock worth $57,000 after purchasing an additional 1,211,238 shares during the period. Baker Ellis Asset Management LLC purchased a new stake in Louisiana-Pacific in the first quarter worth about $134,000. Finally, Hollencrest Capital Management purchased a new stake in Louisiana-Pacific in the first quarter worth about $213,000. 89.45% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 22nd. Longbow Research upgraded shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Monday, May 20th. TD Securities cut their price objective on shares of Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. ValuEngine upgraded shares of Louisiana-Pacific from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Bank of America upgraded shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $24.75 price objective on the stock in a report on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $28.68.
Shares of NYSE LPX opened at $24.60 on Thursday. The company has a market capitalization of $2.96 billion, a PE ratio of 8.98, a PEG ratio of 3.15 and a beta of 1.40. Louisiana-Pacific Co. has a 52-week low of $20.39 and a 52-week high of $32.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.25 and a current ratio of 3.55.
Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Tuesday, May 7th. The building manufacturing company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $582.00 million during the quarter, compared to the consensus estimate of $601.49 million. Louisiana-Pacific had a return on equity of 19.63% and a net margin of 12.16%. The company’s quarterly revenue was down 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. On average, research analysts anticipate that Louisiana-Pacific Co. will post 1.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st were paid a $0.135 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.54 annualized dividend and a dividend yield of 2.20%. Louisiana-Pacific’s dividend payout ratio is presently 19.71%.
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Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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