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

Berkshire Hathaway Inc bought a new stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,664,793 shares of the building manufacturing company's stock, valued at approximately $445,593,000. Louisiana-Pacific accounts for about 0.1% of Berkshire Hathaway Inc's portfolio, making the stock its 21st biggest holding. Berkshire Hathaway Inc owned 8.10% of Louisiana-Pacific at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Man Group plc acquired a new position in Louisiana-Pacific during the 2nd quarter worth $2,563,000. Jupiter Topco LLC bought a new position in shares of Louisiana-Pacific in the second quarter worth $2,219,000. Kinetic Partners Management LP acquired a new position in shares of Louisiana-Pacific during the second quarter valued at $10,493,000. Hsbc Holdings PLC acquired a new position in shares of Louisiana-Pacific during the second quarter valued at $223,000. Finally, Legal & General Group Plc acquired a new position in shares of Louisiana-Pacific during the second quarter valued at $7,219,000. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Down 1.5%

LPX opened at $71.24 on Thursday. Louisiana-Pacific Corporation has a one year low of $66.12 and a one year 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. The stock's fifty day moving average is $75.08 and its 200-day moving average is $76.08. The company has a market capitalization of $4.98 billion, a PE ratio of 90.18, a P/E/G ratio of 10.23 and a beta of 1.62.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced 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 net margin of 2.19% and a return on equity of 4.67%. The firm had revenue of $665.00 million during the quarter, compared to analyst estimates of $667.31 million. During the same quarter last year, the company earned $0.99 EPS. The company's quarterly revenue was down 12.1% compared to the same quarter last year. On average, equities analysts predict that Louisiana-Pacific Corporation will post 1.17 EPS for the current fiscal 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%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective 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. Weiss Ratings cut shares of Louisiana-Pacific from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 19th. Barclays dropped their price target on shares of Louisiana-Pacific from $93.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Jefferies Financial Group began coverage on shares of Louisiana-Pacific in a research note on Tuesday, June 23rd. They issued a "buy" rating and a $93.00 price target for the company. Finally, DA Davidson decreased their price objective on shares of Louisiana-Pacific from $103.00 to $99.00 and set a "buy" rating for the company in a report on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of "Moderate Buy" and an average price target of $94.00.

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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