Deutsche Bank AG Invests $1.87 Million in Louisiana-Pacific Corporation $LPX

Deutsche Bank AG purchased a new stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 23,780 shares of the building manufacturing company’s stock, valued at approximately $1,871,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Louisiana-Pacific by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 1,160,434 shares of the building manufacturing company’s stock worth $93,735,000 after buying an additional 18,287 shares during the period. Principal Financial Group Inc. lifted its position in Louisiana-Pacific by 20.5% during the 1st quarter. Principal Financial Group Inc. now owns 497,852 shares of the building manufacturing company’s stock valued at $36,219,000 after acquiring an additional 84,661 shares during the period. Thrivent Financial for Lutherans lifted its position in Louisiana-Pacific by 2,547.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 385,416 shares of the building manufacturing company’s stock valued at $31,126,000 after acquiring an additional 370,856 shares during the period. Jefferies Financial Group Inc. bought a new stake in Louisiana-Pacific during the fourth quarter worth about $14,472,000. Finally, Norges Bank bought a new stake in Louisiana-Pacific during the fourth quarter worth about $60,184,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 0.8%

Shares of Louisiana-Pacific stock opened at $71.32 on Friday. The company has a 50-day simple moving average of $74.81 and a two-hundred day simple moving average of $75.87. The stock has a market capitalization of $4.99 billion, a PE ratio of 90.28, a price-to-earnings-growth ratio of 10.01 and a beta of 1.62. Louisiana-Pacific Corporation has a 52-week low of $66.12 and a 52-week high of $101.28. 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 (NYSE:LPX) last posted its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS 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 analysts’ expectations of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The company’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. On average, analysts anticipate that Louisiana-Pacific Corporation will post 1.17 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 151.90%.

Analyst Ratings Changes

A number of brokerages have weighed in on LPX. The Goldman Sachs Group raised their target price on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the company a “sell” rating in a research note on Thursday, August 6th. Weiss Ratings cut Louisiana-Pacific from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. Truist Financial cut their price target on Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Bank of America raised their price objective on Louisiana-Pacific from $85.00 to $101.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group initiated coverage on Louisiana-Pacific in a report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific currently has an average rating of “Moderate Buy” and a consensus target price 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.