GSA Capital Partners LLP Has $1.04 Million Stock Position in Louisiana-Pacific Corporation $LPX

GSA Capital Partners LLP lifted its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 341.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,871 shares of the building manufacturing company’s stock after buying an additional 9,957 shares during the period. GSA Capital Partners LLP’s holdings in Louisiana-Pacific were worth $1,039,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Eminence Capital LP boosted its stake in Louisiana-Pacific by 7.9% in the third quarter. Eminence Capital LP now owns 3,115,959 shares of the building manufacturing company’s stock valued at $276,822,000 after buying an additional 228,521 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Louisiana-Pacific by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,549,853 shares of the building manufacturing company’s stock valued at $137,666,000 after buying an additional 28,535 shares in the last quarter. Boston Partners acquired a new stake in Louisiana-Pacific in the third quarter valued at about $100,770,000. Channing Capital Management LLC boosted its stake in Louisiana-Pacific by 12.0% in the third quarter. Channing Capital Management LLC now owns 840,500 shares of the building manufacturing company’s stock valued at $74,670,000 after buying an additional 90,388 shares in the last quarter. Finally, Fernbridge Capital Management LP boosted its stake in Louisiana-Pacific by 284.5% in the third quarter. Fernbridge Capital Management LP now owns 820,755 shares of the building manufacturing company’s stock valued at $72,916,000 after buying an additional 607,319 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on LPX shares. TD raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Thursday, May 7th. DA Davidson reaffirmed a “buy” rating and issued a $114.00 price objective on shares of Louisiana-Pacific in a research note on Tuesday, May 5th. Truist Financial reaffirmed a “buy” rating and issued a $93.00 price objective (down from $95.00) on shares of Louisiana-Pacific in a research note on Friday, May 8th. Oppenheimer reduced 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. Finally, Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.25.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $70.15 on Friday. The business’s 50-day moving average price is $73.13 and its 200-day moving average price is $80.63. Louisiana-Pacific Corporation has a 12 month low of $66.12 and a 12 month high of $102.86. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 59.45, a PEG ratio of 1.76 and a beta of 1.60. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 EPS 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 firm had revenue of $574.00 million for the quarter, compared to analyst estimates of $569.99 million. During the same period last year, the firm posted $1.27 earnings per share. The business’s revenue for the quarter was down 20.7% on a year-over-year basis. Equities research analysts forecast that Louisiana-Pacific Corporation will post 2 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be given 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%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne M. Bruce sold 1,300 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total transaction of $102,167.00. Following the completion of the sale, the director owned 17,160 shares of the company’s stock, valued at approximately $1,348,604.40. This represents a 7.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

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.