CenterBook Partners LP Buys 23,656 Shares of Louisiana-Pacific Corporation $LPX

CenterBook Partners LP boosted its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 267.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,507 shares of the building manufacturing company’s stock after acquiring an additional 23,656 shares during the quarter. CenterBook Partners LP’s holdings in Louisiana-Pacific were worth $2,625,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. North Ridge Wealth Advisors Inc. bought a new stake in Louisiana-Pacific during the second quarter worth approximately $26,000. Los Angeles Capital Management LLC bought a new position in shares of Louisiana-Pacific during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC grew its stake in shares of Louisiana-Pacific by 291.2% during the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock valued at $48,000 after buying an additional 399 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Louisiana-Pacific during the fourth quarter valued at approximately $52,000. Finally, Danske Bank A S bought a new position in shares of Louisiana-Pacific during the third quarter valued at approximately $80,000. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Stock Up 3.7%

Shares of NYSE LPX opened at $72.62 on Wednesday. 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 firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 61.54, a PEG ratio of 1.76 and a beta of 1.59. The stock has a 50 day moving average price of $72.85 and a 200 day moving average price of $80.17. Louisiana-Pacific Corporation has a 52-week low of $66.12 and a 52-week high of $102.86.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.24. The firm had revenue of $574.00 million during the quarter, compared to analyst estimates of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.Louisiana-Pacific’s quarterly revenue was down 20.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. Sell-side analysts expect that Louisiana-Pacific Corporation will post 2 earnings per share for the current 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 issued a $0.30 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Louisiana-Pacific’s payout ratio is presently 101.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LPX shares. Weiss Ratings raised Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. DA Davidson reaffirmed a “buy” rating and set a $114.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, May 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $104.00 target price on shares of Louisiana-Pacific in a research note on Wednesday, February 18th. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, TD raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Thursday, May 7th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock 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.