Louisiana-Pacific Co. (NYSE:LPX) – Equities research analysts at Seaport Global Securities cut their Q2 2019 EPS estimates for shares of Louisiana-Pacific in a note issued to investors on Wednesday, May 8th. Seaport Global Securities analyst M. Weintraub now forecasts that the building manufacturing company will earn $0.30 per share for the quarter, down from their previous estimate of $0.44.
Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Tuesday, May 7th. The building manufacturing company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). Louisiana-Pacific had a return on equity of 19.63% and a net margin of 12.16%. The business had revenue of $582.00 million during the quarter, compared to analyst estimates of $601.49 million. During the same quarter last year, the company posted $0.63 EPS. Louisiana-Pacific’s quarterly revenue was down 15.8% compared to the same quarter last year.
Louisiana-Pacific stock opened at $24.24 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.88 and a current ratio of 3.55. Louisiana-Pacific has a 12 month low of $20.39 and a 12 month high of $32.16. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of 3.33 and a beta of 1.37.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Tuesday, May 21st will be given a $0.135 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.54 annualized dividend and a yield of 2.23%. Louisiana-Pacific’s dividend payout ratio is presently 19.71%.
In other Louisiana-Pacific news, Director Gary Cook sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.76, for a total value of $99,040.00. Following the sale, the director now owns 52,139 shares in the company, valued at approximately $1,290,961.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc lifted its position in shares of Louisiana-Pacific by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 16,716,528 shares of the building manufacturing company’s stock valued at $442,821,000 after buying an additional 79,358 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Louisiana-Pacific by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,008,078 shares of the building manufacturing company’s stock valued at $111,278,000 after buying an additional 390,428 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Louisiana-Pacific by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 4,209,077 shares of the building manufacturing company’s stock valued at $93,525,000 after buying an additional 92,671 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Louisiana-Pacific by 28.8% during the 4th quarter. APG Asset Management N.V. now owns 2,711,900 shares of the building manufacturing company’s stock valued at $52,713,000 after buying an additional 605,800 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Louisiana-Pacific by 70.7% during the 4th quarter. Millennium Management LLC now owns 2,693,753 shares of the building manufacturing company’s stock valued at $59,855,000 after buying an additional 1,115,786 shares in the last quarter. Hedge funds and other institutional investors own 89.44% of the company’s stock.
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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