Greenhaven Road Investment Management L.P. Has $8.18 Million Position in Louisiana-Pacific Corporation $LPX

Greenhaven Road Investment Management L.P. trimmed its position in Louisiana-Pacific Corporation (NYSE:LPX) by 45.6% in the fourth quarter, Holdings Channel reports. The fund owned 101,323 shares of the building manufacturing company’s stock after selling 85,094 shares during the quarter. Louisiana-Pacific accounts for 1.4% of Greenhaven Road Investment Management L.P.’s portfolio, making the stock its 10th largest holding. Greenhaven Road Investment Management L.P.’s holdings in Louisiana-Pacific were worth $8,183,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Eminence Capital LP lifted its stake in shares of Louisiana-Pacific by 7.9% in the 3rd quarter. Eminence Capital LP now owns 3,115,959 shares of the building manufacturing company’s stock valued at $276,822,000 after acquiring an additional 228,521 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Louisiana-Pacific by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,624,489 shares of the building manufacturing company’s stock worth $131,202,000 after purchasing an additional 74,636 shares during the last quarter. Capital Research Global Investors raised its position in Louisiana-Pacific by 306.2% during the 4th quarter. Capital Research Global Investors now owns 1,273,497 shares of the building manufacturing company’s stock worth $102,848,000 after purchasing an additional 960,000 shares during the last quarter. Geode Capital Management LLC raised its position in Louisiana-Pacific by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,160,434 shares of the building manufacturing company’s stock worth $93,735,000 after purchasing an additional 18,287 shares during the last quarter. Finally, Boston Partners bought a new position in Louisiana-Pacific during the 3rd quarter worth $100,770,000. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Up 0.6%

Shares of NYSE:LPX opened at $75.21 on Friday. The company has a quick ratio of 1.48, a current ratio of 3.26 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $72.99 and a 200 day simple moving average of $80.10. Louisiana-Pacific Corporation has a 12-month low of $66.12 and a 12-month high of $102.86. The firm has a market cap of $5.25 billion, a P/E ratio of 63.74, a P/E/G ratio of 1.88 and a beta of 1.59.

Louisiana-Pacific (NYSE:LPX) last issued 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 firm had revenue of $574.00 million during the quarter, compared to the consensus estimate of $569.99 million. During the same period last year, the business posted $1.27 EPS. The business’s revenue was down 20.7% compared to the same quarter last year. Analysts predict that Louisiana-Pacific Corporation will post 2 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 101.69%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays lowered their target price on Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. TD raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Thursday, May 7th. TD Securities raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $104.00 target price on shares of Louisiana-Pacific in a research report on Wednesday, February 18th. Finally, Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $97.25.

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.