Jefferies Financial Group Inc. Invests $14.47 Million in Louisiana-Pacific Corporation $LPX

Jefferies Financial Group Inc. purchased a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 179,199 shares of the building manufacturing company’s stock, valued at approximately $14,472,000.

Other large investors have also modified their holdings of the company. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Louisiana-Pacific during the second quarter worth approximately $26,000. Larson Financial Group LLC raised 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 worth $48,000 after purchasing an additional 399 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Louisiana-Pacific during the fourth quarter worth approximately $52,000. Danske Bank A S purchased a new stake in shares of Louisiana-Pacific during the third quarter worth approximately $80,000. Finally, State of Wyoming purchased a new stake in shares of Louisiana-Pacific during the third quarter worth approximately $82,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Trading Down 0.0%

Shares of LPX stock opened at $70.49 on Monday. The business’s fifty day moving average price is $73.00 and its 200 day moving average price is $80.52. Louisiana-Pacific Corporation has a 1-year low of $66.12 and a 1-year high of $102.86. The firm has a market capitalization of $4.92 billion, a PE ratio of 59.73, a P/E/G ratio of 1.77 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48.

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

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio is currently 101.69%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LPX. DA Davidson restated a “buy” rating and set a $114.00 price target on shares of Louisiana-Pacific in a research note on Tuesday, May 5th. Truist Financial restated a “buy” rating and set a $93.00 price target (down from $95.00) on shares of Louisiana-Pacific in a research note on Friday, May 8th. Oppenheimer cut their price target on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. 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. Finally, Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.25.

Insiders Place Their Bets

In related news, Director Lizanne M. Bruce sold 1,300 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total transaction of $102,167.00. Following the transaction, the director owned 17,160 shares of the company’s stock, valued at $1,348,604.40. This represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.65% of the stock is owned by corporate insiders.

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.