Y Intercept Hong Kong Ltd Buys 22,062 Shares of Louisiana-Pacific Corporation $LPX

Y Intercept Hong Kong Ltd lifted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 135.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,365 shares of the building manufacturing company’s stock after purchasing an additional 22,062 shares during the period. Y Intercept Hong Kong Ltd owned 0.05% of Louisiana-Pacific worth $2,791,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Louisiana-Pacific during the second quarter valued at approximately $26,000. Los Angeles Capital Management LLC purchased a new position in shares of Louisiana-Pacific in the 4th quarter worth about $29,000. Root Financial Partners LLC boosted its holdings in shares of Louisiana-Pacific by 177.6% in the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after buying an additional 277 shares during the last quarter. Larson Financial Group LLC grew its position in 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 period. Finally, International Assets Investment Management LLC bought a new position in Louisiana-Pacific during the fourth quarter valued at about $52,000. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Trading Down 3.6%

Shares of LPX opened at $74.78 on Wednesday. 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 current ratio of 3.26 and a quick ratio of 1.48. The company has a market capitalization of $5.22 billion, a P/E ratio of 63.37, a P/E/G ratio of 1.95 and a beta of 1.60. The firm’s 50 day simple moving average is $74.49 and its 200 day simple moving average is $79.43.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, beating 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 business had revenue of $574.00 million for the quarter, compared to the consensus estimate of $569.99 million. During the same quarter last year, the business posted $1.27 earnings per share. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. Sell-side analysts forecast 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. Investors of record on Thursday, May 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 101.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Barclays dropped their price objective on Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. BMO Capital Markets raised Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price target on the stock in a research report 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, Oppenheimer lowered their price objective on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $96.78.

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.