Louisiana-Pacific Corporation $LPX Shares Acquired by Greenhaven Road Investment Management L.P.

Greenhaven Road Investment Management L.P. lifted its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,417 shares of the building manufacturing company’s stock after buying an additional 6,500 shares during the period. Louisiana-Pacific makes up 5.9% of Greenhaven Road Investment Management L.P.’s investment portfolio, making the stock its 9th largest holding. Greenhaven Road Investment Management L.P.’s holdings in Louisiana-Pacific were worth $17,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in LPX. Valeo Financial Advisors LLC raised its holdings in shares of Louisiana-Pacific by 33,243.5% in the second quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock valued at $222,610,000 after buying an additional 2,581,023 shares during the last quarter. Norges Bank acquired a new position in Louisiana-Pacific during the second quarter worth $72,299,000. 59 North Capital Management LP grew its stake in shares of Louisiana-Pacific by 32.1% during the 1st quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock worth $240,863,000 after purchasing an additional 635,817 shares during the period. Palestra Capital Management LLC grew its position in Louisiana-Pacific by 173.5% during the first quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company’s stock worth $83,851,000 after buying an additional 578,248 shares during the period. Finally, Invesco Ltd. increased its stake in Louisiana-Pacific by 94.8% in the 2nd quarter. Invesco Ltd. now owns 1,028,250 shares of the building manufacturing company’s stock valued at $88,419,000 after purchasing an additional 500,449 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Vertical Research began coverage on Louisiana-Pacific in a report on Monday, October 20th. They issued a “buy” rating for the company. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. DA Davidson reissued a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a research report on Thursday, November 20th. TD Securities lowered their price target on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $106.33.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Stephen E. Macadam bought 3,200 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $78.06 per share, for a total transaction of $249,792.00. Following the transaction, the director owned 41,149 shares in the company, valued at approximately $3,212,090.94. The trade was a 8.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.42% of the stock is owned by company insiders.

Louisiana-Pacific Price Performance

LPX opened at $82.20 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 12-month low of $73.42 and a 12-month high of $121.61. The stock has a fifty day moving average of $84.77 and a 200-day moving average of $89.32. The firm has a market capitalization of $5.72 billion, a P/E ratio of 26.60 and a beta of 1.81.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The company had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. During the same period last year, the company posted $1.22 earnings per share. The company’s revenue was down 8.2% compared to the same quarter last year. Equities analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 14th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 36.25%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.