28,179 Shares in Louisiana-Pacific Corporation $LPX Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,179 shares of the building manufacturing company's stock, valued at approximately $2,219,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LPX. BlackRock Inc. acquired a new stake in shares of Louisiana-Pacific during the 2nd quarter valued at about $506,638,000. 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 worth $326,927,000 after buying an additional 932,177 shares during the last quarter. 59 North Capital Management LP raised its position in Louisiana-Pacific by 26.3% during the fourth quarter. 59 North Capital Management LP now owns 3,536,884 shares of the building manufacturing company's stock valued at $285,639,000 after acquiring an additional 737,406 shares in the last quarter. State Street Corp raised its position in Louisiana-Pacific by 1.3% during the fourth quarter. State Street Corp now owns 2,171,315 shares of the building manufacturing company's stock valued at $175,355,000 after acquiring an additional 27,710 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Louisiana-Pacific by 23.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,723,824 shares of the building manufacturing company's stock valued at $139,218,000 after acquiring an additional 332,794 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on LPX. Weiss Ratings downgraded shares of 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 shares of Louisiana-Pacific from $91.00 to $89.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. TD Securities raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating in a research note on Thursday, May 7th. Bank of America upped their price objective on shares of Louisiana-Pacific from $85.00 to $101.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group increased their target price on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the stock a "sell" rating in a research report on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has an average rating of "Moderate Buy" and an average price target of $94.00.

Louisiana-Pacific Trading Down 0.9%

Shares of Louisiana-Pacific stock opened at $67.68 on Friday. Louisiana-Pacific Corporation has a 1 year low of $66.12 and a 1 year high of $101.28. The company's fifty day simple moving average is $74.10 and its 200-day simple moving average is $74.96. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 85.67, a PEG ratio of 9.67 and a beta of 1.59. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). The company had revenue of $664.00 million for the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. Louisiana-Pacific's revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 earnings per share. As a group, sell-side analysts expect that Louisiana-Pacific Corporation will post 1.17 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. Louisiana-Pacific's dividend payout ratio is currently 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.

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