Pullen Investment Management LLC Makes New Investment in Louisiana-Pacific Corporation $LPX

Pullen Investment Management LLC bought a new position in Louisiana-Pacific Corporation (NYSE:LPX) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 39,812 shares of the building manufacturing company’s stock, valued at approximately $2,896,000. Louisiana-Pacific makes up about 1.5% of Pullen Investment Management LLC’s portfolio, making the stock its 18th largest holding. Pullen Investment Management LLC owned about 0.06% of Louisiana-Pacific as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LPX. North Ridge Wealth Advisors Inc. acquired a new position in Louisiana-Pacific in the 2nd quarter worth approximately $26,000. Los Angeles Capital Management LLC acquired a new stake in Louisiana-Pacific during the 4th quarter valued at $29,000. Larson Financial Group LLC raised its stake in Louisiana-Pacific by 291.2% during 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 purchased a new stake in shares of Louisiana-Pacific in the fourth quarter valued at $52,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Louisiana-Pacific in the fourth quarter valued at $58,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LPX. DA Davidson reiterated a “buy” rating and set a $114.00 price target on shares of Louisiana-Pacific in a report on Tuesday, May 5th. Weiss Ratings raised Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. BMO Capital Markets raised Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 target price on the stock in a research note on Thursday, May 7th. Finally, Oppenheimer lowered their target price 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. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $97.25.

Louisiana-Pacific Trading Up 0.3%

Shares of NYSE:LPX opened at $77.76 on Friday. The firm has a fifty day moving average of $73.51 and a two-hundred day moving average of $79.97. The company has a quick ratio of 1.48, a current ratio of 3.26 and a debt-to-equity ratio of 0.20. 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 $5.43 billion, a P/E ratio of 65.90, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results 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. The business had revenue of $574.00 million for the quarter, compared to the consensus estimate of $569.99 million. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. Louisiana-Pacific’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.27 earnings per share. On average, equities analysts expect that Louisiana-Pacific Corporation will post 2 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

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

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.