Kinetic Partners Management LP Takes Position in Louisiana-Pacific Corporation $LPX

Kinetic Partners Management LP acquired a new position in Louisiana-Pacific Corporation (NYSE:LPX) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 133,395 shares of the building manufacturing company’s stock, valued at approximately $10,493,000. Kinetic Partners Management LP owned approximately 0.19% of Louisiana-Pacific as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of LPX. North Ridge Wealth Advisors Inc. purchased a new stake in Louisiana-Pacific in the 2nd quarter valued at about $26,000. Los Angeles Capital Management LLC acquired a new position in Louisiana-Pacific during the fourth quarter valued at approximately $29,000. Western Wealth Management LLC acquired a new position in shares of Louisiana-Pacific during the 1st quarter valued at $25,000. Parallel Advisors LLC grew its stake in shares of Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after buying an additional 255 shares in the last quarter. Finally, Root Financial Partners LLC boosted its stake in shares of Louisiana-Pacific by 177.6% in the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after purchasing an additional 277 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LPX shares. Zacks Research lowered Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Barclays dropped their price target on shares of Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. TD boosted their target price on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Oppenheimer reduced their price target on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock 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 has a consensus rating of “Moderate Buy” and an average price target of $94.00.

Louisiana-Pacific Trading Down 0.2%

Shares of LPX stock opened at $72.49 on Wednesday. The firm has a market capitalization of $5.07 billion, a PE ratio of 91.76, a price-to-earnings-growth ratio of 10.28 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22. Louisiana-Pacific Corporation has a 1 year low of $66.12 and a 1 year high of $101.28. The stock has a fifty day moving average of $75.16 and a two-hundred day moving average of $76.24.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data 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 return on equity of 4.67% and a net margin of 2.19%.The company had revenue of $665.00 million during the quarter, compared to analyst estimates of $667.31 million. During the same period in the previous year, the company earned $0.99 EPS. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. As a group, research analysts expect 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. Shareholders of record on Friday, August 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 14th. Louisiana-Pacific’s dividend payout ratio is presently 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.