Capital Research Global Investors Has $102.85 Million Stock Holdings in Louisiana-Pacific Corporation $LPX

Capital Research Global Investors boosted its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 306.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,273,497 shares of the building manufacturing company’s stock after acquiring an additional 960,000 shares during the period. Capital Research Global Investors owned 1.83% of Louisiana-Pacific worth $102,848,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LPX. Boston Partners acquired a new stake in Louisiana-Pacific during the 3rd quarter worth $100,770,000. Norges Bank acquired a new position in shares of Louisiana-Pacific in the 4th quarter valued at $60,184,000. Victory Capital Management Inc. grew its holdings in shares of Louisiana-Pacific by 674.8% in the 3rd quarter. Victory Capital Management Inc. now owns 698,646 shares of the building manufacturing company’s stock valued at $62,068,000 after buying an additional 608,480 shares during the period. Fernbridge Capital Management LP grew its holdings in shares of Louisiana-Pacific by 284.5% in the 3rd quarter. Fernbridge Capital Management LP now owns 820,755 shares of the building manufacturing company’s stock valued at $72,916,000 after buying an additional 607,319 shares during the period. Finally, Parsifal Capital Management LP acquired a new position in shares of Louisiana-Pacific in the 3rd quarter valued at $46,161,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Trading Down 0.7%

LPX opened at $70.13 on Tuesday. The stock has a market capitalization of $4.90 billion, a P/E ratio of 59.43, a P/E/G ratio of 1.77 and a beta of 1.60. Louisiana-Pacific Corporation has a 12 month low of $66.12 and a 12 month high of $102.86. The firm’s fifty day simple moving average is $72.83 and its 200 day simple moving average is $80.19. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data 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. The business had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $569.99 million. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The firm’s revenue was down 20.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.27 EPS. As a group, research analysts anticipate that Louisiana-Pacific Corporation will post 2 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, May 14th. Louisiana-Pacific’s payout ratio is currently 101.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $104.00 price target on shares of Louisiana-Pacific in a report on Wednesday, February 18th. TD Securities raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. TD raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Thursday, May 7th. Finally, Truist Financial reissued a “buy” rating and issued a $93.00 price target (down from $95.00) on shares of Louisiana-Pacific in a report on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.