Pullen Investment Management LLC Invests $2.90 Million in Louisiana-Pacific Corporation $LPX

Pullen Investment Management LLC acquired a new stake in Louisiana-Pacific Corporation (NYSE:LPX) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 39,812 shares of the building manufacturing company’s stock, valued at approximately $2,896,000. Louisiana-Pacific comprises 1.5% of Pullen Investment Management LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other large investors have also recently bought and sold shares of the business. Eminence Capital LP raised its holdings in Louisiana-Pacific by 29.9% during the fourth quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company’s stock valued at $326,927,000 after buying an additional 932,177 shares in the last quarter. 59 North Capital Management LP boosted its stake in shares of Louisiana-Pacific by 26.3% during the 4th quarter. 59 North Capital Management LP now owns 3,536,884 shares of the building manufacturing company’s stock worth $285,639,000 after acquiring an additional 737,406 shares in the last quarter. State Street Corp increased its holdings in shares of Louisiana-Pacific by 1.3% during the 4th quarter. State Street Corp now owns 2,171,315 shares of the building manufacturing company’s stock valued at $175,355,000 after acquiring an additional 27,710 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Louisiana-Pacific by 23.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,723,824 shares of the building manufacturing company’s stock valued at $139,218,000 after acquiring an additional 332,794 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Louisiana-Pacific by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,624,489 shares of the building manufacturing company’s stock valued at $131,202,000 after acquiring an additional 74,636 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $77.76 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48. Louisiana-Pacific Corporation has a fifty-two week low of $66.12 and a fifty-two week high of $102.86. The firm has a fifty day moving average price of $73.51 and a two-hundred day moving average price of $79.97. The company has a market cap of $5.43 billion, a PE 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 data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.24. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The company had revenue of $574.00 million for the quarter, compared to the consensus estimate of $569.99 million. During the same quarter in the previous year, the firm posted $1.27 EPS. The business’s revenue was down 20.7% compared to the same quarter last year. Analysts expect that Louisiana-Pacific Corporation will post 2 EPS for the current year.

Louisiana-Pacific Dividend Announcement

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

Wall Street Analyst Weigh In

LPX has been the subject of several analyst reports. Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. TD raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Thursday, May 7th. Oppenheimer reduced their price objective on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, DA Davidson reiterated a “buy” rating and issued a $114.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, May 5th. 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.com, Louisiana-Pacific currently has an average rating of “Moderate Buy” and a consensus price target 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.