Littlejohn & Co. LLC Acquires Shares of 160,600 Louisiana-Pacific Corporation $LPX

Littlejohn & Co. LLC acquired a new stake in Louisiana-Pacific Corporation (NYSE:LPX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 160,600 shares of the building manufacturing company’s stock, valued at approximately $12,632,796,000. Louisiana-Pacific comprises about 16.1% of Littlejohn & Co. LLC’s holdings, making the stock its 3rd largest position. Littlejohn & Co. LLC owned 0.23% of Louisiana-Pacific at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Versant Capital Management Inc raised its stake in Louisiana-Pacific by 27.3% in the 2nd quarter. Versant Capital Management Inc now owns 630 shares of the building manufacturing company’s stock valued at $50,000 after acquiring an additional 135 shares during the period. EverSource Wealth Advisors LLC boosted its position in Louisiana-Pacific by 26.0% during the first quarter. EverSource Wealth Advisors LLC now owns 692 shares of the building manufacturing company’s stock worth $50,000 after purchasing an additional 143 shares during the period. Valeo Financial Advisors LLC increased its holdings in shares of Louisiana-Pacific by 1.6% in the second quarter. Valeo Financial Advisors LLC now owns 9,225 shares of the building manufacturing company’s stock valued at $726,000 after purchasing an additional 147 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Louisiana-Pacific by 2.7% in the third quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company’s stock valued at $611,000 after purchasing an additional 183 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Louisiana-Pacific by 1.2% in the second quarter. Tidal Investments LLC now owns 21,339 shares of the building manufacturing company’s stock valued at $1,835,000 after purchasing an additional 247 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of research reports. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. TD upped their price target on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Jefferies Financial Group initiated coverage on shares of Louisiana-Pacific in a report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 price target on the stock. The Goldman Sachs Group increased their price target on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the company a “sell” rating in a report on Thursday, August 6th. Finally, BMO Capital Markets upgraded shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.00.

Louisiana-Pacific Stock Down 0.5%

LPX stock opened at $70.86 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 89.70, a PEG ratio of 10.08 and a beta of 1.62. The business’s fifty day moving average price is $74.94 and its two-hundred day moving average price is $75.90. Louisiana-Pacific Corporation has a fifty-two week low of $66.12 and a fifty-two week high of $101.28.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results 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 firm had revenue of $665.00 million for the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The firm’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. On average, equities analysts anticipate that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.30 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.7%. Louisiana-Pacific’s payout ratio is 151.90%.

Louisiana-Pacific Company 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.