Littlejohn & Co. LLC Takes $12.63 Million Position in Louisiana-Pacific Corporation $LPX

Littlejohn & Co. LLC acquired a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 160,600 shares of the building manufacturing company’s stock, valued at approximately $12,632,796. Louisiana-Pacific makes up 0.0% of Littlejohn & Co. LLC’s holdings, making the stock its 3rd biggest holding. Littlejohn & Co. LLC owned approximately 0.23% of Louisiana-Pacific as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. bought a new stake in Louisiana-Pacific during the second quarter worth $506,638,000. Berkshire Hathaway Inc bought a new stake in shares of Louisiana-Pacific in the second quarter valued at about $445,593,000. Boston Partners acquired a new stake in Louisiana-Pacific during the 3rd quarter worth about $100,770,000. Capital Research Global Investors lifted its position in Louisiana-Pacific by 306.2% during the fourth quarter. Capital Research Global Investors now owns 1,273,497 shares of the building manufacturing company’s stock worth $102,848,000 after buying an additional 960,000 shares in the last quarter. Finally, Eminence Capital LP increased its holdings in Louisiana-Pacific by 29.9% in the fourth quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company’s stock valued at $326,927,000 after buying an additional 932,177 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Shares of LPX stock traded up $0.60 on Friday, hitting $71.32. 974,402 shares of the company’s stock were exchanged, compared to its average volume of 1,142,668. 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 cap of $4.99 billion, a P/E ratio of 90.28, a price-to-earnings-growth ratio of 10.08 and a beta of 1.62. The company has a 50 day moving average of $74.94 and a 200 day moving average of $75.90. Louisiana-Pacific Corporation has a 12 month low of $66.12 and a 12 month high of $101.28.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The company had revenue of $665.00 million for the quarter, compared to analysts’ expectations of $667.31 million. During the same quarter in the prior year, the company earned $0.99 earnings per share. The company’s revenue was down 12.1% compared to the same quarter last year. On average, equities research analysts predict that Louisiana-Pacific Corporation will post 1.17 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued 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 dividend payout ratio (DPR) is presently 151.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LPX shares. DA Davidson lowered their price objective on shares of Louisiana-Pacific from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. The Goldman Sachs Group upped their price target on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the company a “sell” rating in a research report on Thursday, August 6th. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective on the stock in a research report on Thursday, May 7th. Truist Financial reduced their target price on shares of Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Jefferies Financial Group started coverage on Louisiana-Pacific in a research note on Tuesday, June 23rd. They set a “buy” rating and a $93.00 price objective on the stock. Eleven research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company. According to MarketBeat.com, Louisiana-Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $94.00.

Louisiana-Pacific 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.