11,998 Shares in Louisiana-Pacific Corporation $LPX Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC acquired a new stake in Louisiana-Pacific Corporation (NYSE:LPX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,998 shares of the building manufacturing company’s stock, valued at approximately $944,000.

A number of other large investors have also modified their holdings of the business. Millennium Management LLC raised its position in shares of Louisiana-Pacific by 128.6% in the first quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock valued at $16,259,000 after buying an additional 99,455 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Louisiana-Pacific during the first quarter worth about $273,000. Goldman Sachs Group Inc. grew its stake in Louisiana-Pacific by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock valued at $25,274,000 after acquiring an additional 18,413 shares in the last quarter. Empowered Funds LLC grew its stake in Louisiana-Pacific by 207.1% during the 1st quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock valued at $2,596,000 after acquiring an additional 19,029 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Louisiana-Pacific by 15.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock valued at $20,747,000 after acquiring an additional 29,846 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Down 0.1%

Shares of NYSE LPX opened at $73.79 on Monday. The stock has a market cap of $5.16 billion, a P/E ratio of 93.40, a PEG ratio of 10.46 and a beta of 1.62. The business’s fifty day simple moving average is $75.32 and its 200-day simple moving average is $76.97. Louisiana-Pacific Corporation has a 12-month low of $66.12 and a 12-month high of $101.28. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). The company had revenue of $665.00 million for the quarter, compared to analysts’ expectations of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.Louisiana-Pacific’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. As a group, equities analysts predict that Louisiana-Pacific Corporation will post 1.17 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.6%. Louisiana-Pacific’s payout ratio is presently 151.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Truist Financial dropped their price target on Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. 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 report on Thursday, May 7th. TD Securities upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. Jefferies Financial Group initiated coverage on Louisiana-Pacific in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 target price for the company. Finally, The Goldman Sachs Group boosted their price target on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the company a “sell” rating in a research report on Thursday, August 6th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.00.

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.