Callan Family Office LLC Takes Position in Louisiana-Pacific Corporation $LPX

Callan Family Office LLC purchased a new position in Louisiana-Pacific Corporation (NYSE:LPX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,765 shares of the building manufacturing company’s stock, valued at approximately $1,555,000.

Several other large investors also recently modified their holdings of the company. North Ridge Wealth Advisors Inc. purchased a new position in Louisiana-Pacific in the second quarter worth about $26,000. Los Angeles Capital Management LLC bought a new stake in shares of Louisiana-Pacific during the 4th quarter valued at about $29,000. Western Wealth Management LLC purchased a new stake in shares of Louisiana-Pacific during the 1st quarter valued at about $25,000. Parallel Advisors LLC increased its position in shares of Louisiana-Pacific by 204.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after purchasing an additional 255 shares during the last quarter. Finally, Root Financial Partners LLC lifted its stake 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 purchasing an additional 277 shares during the period. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 0.0%

NYSE LPX opened at $73.19 on Monday. The stock’s 50-day moving average price is $75.35 and its 200-day moving average price is $76.51. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 52 week low of $66.12 and a 52 week high of $101.28. The company has a market capitalization of $5.12 billion, a P/E ratio of 92.65, a price-to-earnings-growth ratio of 10.36 and a beta of 1.62.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 2.19% and a return on equity of 4.67%. The firm’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. On average, equities research analysts predict that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 dividend on an annualized basis and a yield of 1.6%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 151.90%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LPX. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Barclays reduced their target price on shares of Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Truist Financial decreased their price target on shares of Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. The Goldman Sachs Group lifted their price target on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the stock a “sell” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings downgraded shares of Louisiana-Pacific from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $94.00.

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.