Entropy Technologies LP Purchases Shares of 18,670 Louisiana-Pacific Corporation $LPX

Entropy Technologies LP acquired a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,670 shares of the building manufacturing company’s stock, valued at approximately $1,508,000.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in Louisiana-Pacific by 128.6% during the first quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock worth $16,259,000 after buying an additional 99,455 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Louisiana-Pacific in the first quarter valued at $273,000. Goldman Sachs Group Inc. raised its position in shares of Louisiana-Pacific by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock worth $25,274,000 after acquiring an additional 18,413 shares during the period. Empowered Funds LLC raised its position in shares of Louisiana-Pacific by 207.1% in the first quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock worth $2,596,000 after acquiring an additional 19,029 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Louisiana-Pacific by 15.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock worth $20,747,000 after acquiring an additional 29,846 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on LPX shares. TD upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, May 7th. 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. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Barclays cut their price objective on Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Truist Financial restated a “buy” rating and issued a $93.00 target price (down from $95.00) on shares of Louisiana-Pacific in a research report on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.25.

Louisiana-Pacific Stock Up 2.6%

Shares of LPX opened at $76.99 on Tuesday. The stock has a market capitalization of $5.38 billion, a PE ratio of 65.25, a P/E/G ratio of 1.89 and a beta of 1.60. Louisiana-Pacific Corporation has a 1 year low of $66.12 and a 1 year high of $102.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.48 and a current ratio of 3.26. The company’s 50-day simple moving average is $73.11 and its 200-day simple moving average is $80.09.

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

Louisiana-Pacific Dividend Announcement

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

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.