5,664,793 Shares in Louisiana-Pacific Corporation $LPX Acquired by Berkshire Hathaway Inc

Berkshire Hathaway Inc purchased a new position in Louisiana-Pacific Corporation (NYSE:LPX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,664,793 shares of the building manufacturing company’s stock, valued at approximately $445,593,000. Louisiana-Pacific comprises 0.1% of Berkshire Hathaway Inc’s holdings, making the stock its 21st biggest holding. Berkshire Hathaway Inc owned 0.08% of Louisiana-Pacific as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LPX. North Ridge Wealth Advisors Inc. bought a new stake in shares of Louisiana-Pacific during the 2nd quarter worth $26,000. Los Angeles Capital Management LLC acquired a new position in shares of Louisiana-Pacific in the 4th quarter worth $29,000. Western Wealth Management LLC acquired a new stake in shares of Louisiana-Pacific during the first quarter worth $25,000. Parallel Advisors LLC raised its position in shares of Louisiana-Pacific by 204.0% during the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after purchasing an additional 255 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in shares of Louisiana-Pacific by 177.6% during 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 last quarter. Institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LPX shares. Bank of America increased their price target on Louisiana-Pacific from $85.00 to $101.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Truist Financial reduced their price objective on shares of Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. The Goldman Sachs Group raised their target price on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the stock a “sell” rating in a report on Thursday, August 6th. TD lifted 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 cut their price target on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.00.

Louisiana-Pacific Price Performance

LPX opened at $71.24 on Thursday. The firm has a market capitalization of $4.98 billion, a P/E ratio of 90.18, a PEG ratio of 10.23 and a beta of 1.62. The stock has a fifty day moving average of $75.08 and a 200-day moving average of $76.08. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. 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 quarterly 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 business had revenue of $665.00 million for the quarter, compared to analysts’ expectations of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. Equities analysts forecast that Louisiana-Pacific Corporation will post 1.17 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

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 given a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 151.90%.

About Louisiana-Pacific

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.