Deprince Race & Zollo Inc. Makes New Investment in Louisiana-Pacific Corporation $LPX

Deprince Race & Zollo Inc. bought a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 777,956 shares of the building manufacturing company’s stock, valued at approximately $56,596,000. Louisiana-Pacific makes up approximately 1.1% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 22nd largest position. Deprince Race & Zollo Inc. owned approximately 1.11% of Louisiana-Pacific as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. North Ridge Wealth Advisors Inc. acquired a new stake in Louisiana-Pacific in the 2nd quarter valued at approximately $26,000. Los Angeles Capital Management LLC bought a new position in shares of Louisiana-Pacific in the 4th quarter valued at about $29,000. Larson Financial Group LLC raised its holdings in shares of Louisiana-Pacific by 291.2% in the 3rd quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock valued at $48,000 after purchasing an additional 399 shares during the period. International Assets Investment Management LLC bought a new stake in Louisiana-Pacific in the fourth quarter valued at approximately $52,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in Louisiana-Pacific during the 4th quarter valued at $58,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Up 0.1%

Shares of Louisiana-Pacific stock opened at $78.75 on Thursday. Louisiana-Pacific Corporation has a 52 week low of $66.12 and a 52 week high of $102.86. The stock has a 50 day moving average price of $74.17 and a two-hundred day moving average price of $79.65. 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 stock has a market capitalization of $5.50 billion, a PE ratio of 66.74, a price-to-earnings-growth ratio of 1.98 and a beta of 1.60.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share 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 for the quarter was down 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 EPS. As a group, equities analysts anticipate that Louisiana-Pacific Corporation will post 2 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. Louisiana-Pacific’s payout ratio is presently 101.69%.

Wall Street Analysts Forecast Growth

LPX has been the subject of several recent research reports. TD upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Thursday, May 7th. Barclays decreased their target price on shares of Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Truist Financial reissued a “buy” rating and set a $93.00 price target (down from $95.00) on shares of Louisiana-Pacific in a report on Friday, May 8th. Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Finally, BMO Capital Markets upgraded shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.78.

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.