18,670 Shares in Louisiana-Pacific Corporation $LPX Bought by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Louisiana-Pacific Corporation (NYSE:LPX) in the 4th quarter, Holdings Channel.com reports. The firm bought 18,670 shares of the building manufacturing company’s stock, valued at approximately $1,508,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Elo Mutual Pension Insurance Co boosted its stake in shares of Louisiana-Pacific by 1.5% during the third quarter. Elo Mutual Pension Insurance Co now owns 11,524 shares of the building manufacturing company’s stock worth $1,024,000 after buying an additional 166 shares during the period. WINTON GROUP Ltd raised its stake in Louisiana-Pacific by 2.7% during the 3rd quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company’s stock valued at $611,000 after acquiring an additional 183 shares during the last quarter. Tidal Investments LLC raised its stake in Louisiana-Pacific by 1.2% during the 2nd quarter. Tidal Investments LLC now owns 21,339 shares of the building manufacturing company’s stock valued at $1,835,000 after acquiring an additional 247 shares during the last quarter. Wealthspire Advisors LLC lifted its position in Louisiana-Pacific by 4.1% during the 4th quarter. Wealthspire Advisors LLC now owns 6,465 shares of the building manufacturing company’s stock worth $522,000 after acquiring an additional 256 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Louisiana-Pacific by 3.1% in the 2nd quarter. Sei Investments Co. now owns 8,584 shares of the building manufacturing company’s stock valued at $738,000 after purchasing an additional 257 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Price Performance

LPX stock opened at $76.99 on Tuesday. The firm has a 50 day moving average of $73.11 and a 200-day moving average of $80.09. Louisiana-Pacific Corporation has a 12-month low of $66.12 and a 12-month high of $102.86. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 65.25, a PEG ratio of 1.89 and a beta of 1.60.

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, 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 business had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $569.99 million. During the same quarter in the prior year, the firm posted $1.27 EPS. The company’s revenue was down 20.7% compared to the same quarter last year. As a group, equities analysts expect 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 was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a $0.30 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Louisiana-Pacific’s payout ratio is currently 101.69%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LPX shares. BMO Capital Markets raised Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a report on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $104.00 target price on shares of Louisiana-Pacific in a research note on Wednesday, February 18th. Barclays lowered their target price on shares of Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Louisiana-Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $97.25.

Louisiana-Pacific 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.