According to the most recent filing that the company made with the Securities and Exchange Commission, Brandywine Global Investment Management LLC decreased the number of shares of Louisiana-Pacific Co (NYSE:LPX) that it has in its portfolio during the third quarter.
The filing was made by the business.
The institutional investor’s portfolio currently contains 96,498 shares of the building manufacturing company’s stock after the sale of 8,805 shares of the company’s stock during the quarter.
Brandywine Global Investment Management LLC disclosed to the Securities and Exchange Commission (SEC) in its most recent filing that it owned 0.13% of Louisiana-Pacific for a total value of $4,940,000.
This information was included in the company’s most recent filing.
There have been transactions with other hedge funds buying and selling business stock.
These transactions took place. Zions Bancorporation National Association is the parent organization.
A new interest in Louisiana-Pacific was acquired during the first three months of the year at a total cost of approximately $25,000, which was split between those three months.
Atlas Capital Advisors LLC increased its investment in Louisiana-Pacific by approximately $42,000 during the second quarter, bringing the total value of its holdings to approximately $80,000 at the end of the period.
A further investment of approximately $66,000 was made in Louisiana-Pacific by CNB Bank during the second quarter.
This brought the total amount of the bank’s investment in the company up to 100% ownership. Wipfli Financial Advisors LLC made an additional investment of approximately $85,000 in Louisiana-Pacific during the third quarter, bringing the total amount of money invested by the firm in the company to approximately $85,000.
Last but not least, during the first quarter of this year, Covestor Ltd increased the amount of Louisiana-Pacific stock it owned by 35.2%, making this point the most important. Covestor Ltd has increased the total number of shares it owns in the building manufacturing company by purchasing an additional 448 of its shares since the beginning of the most recent quarter.
This brings the total number of shares it owns in the company to 1,720, with a value of $107,000.
The vast majority of the company’s stock is owned by institutional investors and hedge funds, which account for 99.23% of the total.
NYSE:LPX began trading at $60.20 on Friday. When determining the ratio of debt to equity, it is necessary to take into account not only the current ratio of 0.24 but also the quick ratio of 1.54 and the current ratio of 2.54 ratio of 1.54 and the current ratio of 2.54.
The enterprise has a price-to-earnings ratio of 4.54, a beta value of 1.65, and a market capitalization of $4.32 billion.
The company’s moving average over the previous 200 days is $59.38, while the moving average over the previous 50 days is $63.33.
The Louisiana-Pacific Company experienced a one-year low of $49.20 and a one-year high of $78.09 during the period covered by this report.
The report of recent financial performance for Louisiana-Pacific (NYSE:LPX) was made public on the 21st of February.
Earnings per share for the quarter were reported by the manufacturer of building materials at $0.61, which is $0.03 more than the consensus estimate of $0.58 among analysts.
The most recent quarter’s actual sales for the company came in at $705.00 million, which is significantly higher than the average expectation of $695.37 million, which was reported for the previous quarter.
In the case of Louisiana-Pacific, the return on equity was 64.50 percent, while the margin came in at 26.99 percent. When compared to the same period in the previous year, the revenue for the current quarter was down 15.6%.
The corporation reported a profit of $2.24 per share for the same time period in the previous year’s financial statements.
The researchers predicted that Louisiana-Pacific Company would have earnings of $3.09 per share for the current fiscal year.
Additionally, the company has just recently disclosed that it will be implementing a quarterly dividend, which is scheduled to take place on the 31st of March. On March 10th, shareholders who have their accounts in good standing will be eligible to receive a dividend payment equal to $0.24 per share.
The quarterly dividend was raised from $0.22 to $0.24 per share by Louisiana-Pacific in order to provide a higher level of service to the company’s shareholders.
This equates to a dividend payment of $0.96 per year and a yield of 1.59% on the stock.
If we look at it another way, an annualized payment This coming Thursday, March 9th, marks the last day that dividends will be distributed to shareholders.
At the present time, the payout ratio for Louisiana-dividend Pacific stands at 6.63%.
Additionally, Louisiana-Pacific Director Lizanne C. Gottung sold a total of 3,587 shares of the company’s stock on the 15th of December.
The average price that buyers paid for each share was $62.52, which resulted in a total revenue of $224,259.24 when the shares were eventually put up for sale.
The director is now the direct owner of 27,470 company shares, which have a combined value of approximately $1,717,424.40 as a result of the transaction. You will be able to acquire additional information regarding the transaction if you click on the link that has been provided for you.
This link will take you to an official document that was presented to the Securities and Exchange Commission. 1.26 percent of the total number of shares that are currently outstanding in the company are owned by company insiders.
Recent articles covering the LPX stock were published in a variety of analyst sources.
TD Securities lowered its price objective on shares of Louisiana-Pacific from $72.00 to $65.00 and assigned the stock a “hold” rating in a research report that was published on Louisiana-Pacific and distributed by the brokerage firm on Wednesday, February 22nd.
The report was distributed by TD Securities.
In a report that was published on the 12th of January, DA Davidson lowered their price objective for Louisiana-Pacific from $69.00 to $63,000 and changed their recommendation for the company from “buy” to “neutral.” Last but not least, in a report that was made public on Monday, Truist Financial lowered their price objective on Louisiana-Pacific shares from $49.00 to $47.00 and lowered their “hold” recommendation on those shares.
Although six financial analysts have suggested that you maintain the stock in your portfolio, one of them has suggested that you sell the stock.
According to Bloomberg, the stock is currently being recommended with a “Hold” rating, and the price objective has been determined to be $59.20.