Capstone Investment Advisors LLC Invests $4.58 Million in Louisiana-Pacific Corporation $LPX

Key Points

• Capstone Investment Advisors acquired 58,285 Louisiana-Pacific shares worth approximately $4.58 million, while institutional investors collectively own 94.73% of the company.
• Louisiana-Pacific reported weaker quarterly results, with EPS of $0.40 missing estimates by $0.16 and revenue falling 12.1% year over year to $665 million. Shares opened at $70.86, near the lower end of their 52-week range.
• The company declared a quarterly dividend of $0.30 per share, implying a 1.7% yield, while analysts maintain a “Moderate Buy” consensus and an average price target of $94.

Capstone Investment Advisors LLC acquired a new stake in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 58,285 shares of the building manufacturing company's stock, valued at approximately $4,585,000. Capstone Investment Advisors LLC owned approximately 0.08% of Louisiana-Pacific as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in Louisiana-Pacific by 27.3% during the 2nd quarter. Versant Capital Management Inc now owns 630 shares of the building manufacturing company's stock worth $50,000 after acquiring an additional 135 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Louisiana-Pacific by 26.0% during the first quarter. EverSource Wealth Advisors LLC now owns 692 shares of the building manufacturing company's stock valued at $50,000 after purchasing an additional 143 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Louisiana-Pacific by 1.6% in the second quarter. Valeo Financial Advisors LLC now owns 9,225 shares of the building manufacturing company's stock worth $726,000 after purchasing an additional 147 shares during the period. WINTON GROUP Ltd boosted its position in shares of Louisiana-Pacific by 2.7% in the third quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company's stock worth $611,000 after purchasing an additional 183 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of Louisiana-Pacific by 1.2% in the second quarter. Tidal Investments LLC now owns 21,339 shares of the building manufacturing company's stock worth $1,835,000 after purchasing an additional 247 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Trading Down 0.5%

LPX stock opened at $70.86 on Friday. The firm has a fifty day moving average price of $74.94 and a 200 day moving average price of $75.90. Louisiana-Pacific Corporation has a fifty-two week low of $66.12 and a fifty-two 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. The firm has a market cap of $4.95 billion, a PE ratio of 89.70, a price-to-earnings-growth ratio of 10.08 and a beta of 1.62.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.16). Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business had revenue of $665.00 million for the quarter, compared to analysts' expectations of $667.31 million. During the same period in the previous year, the company earned $0.99 EPS. Louisiana-Pacific's revenue for the quarter was down 12.1% compared to the same quarter last year. Sell-side analysts anticipate that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 14th. Louisiana-Pacific's dividend payout ratio is currently 151.90%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bank of America lifted their target price on shares of Louisiana-Pacific from $85.00 to $101.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. DA Davidson cut their price target on Louisiana-Pacific from $103.00 to $99.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Oppenheimer decreased their price target on Louisiana-Pacific from $115.00 to $107.00 and set an "outperform" rating on the stock in a report on Thursday, May 7th. Jefferies Financial Group assumed coverage on Louisiana-Pacific in a research report on Tuesday, June 23rd. They issued a "buy" rating and a $93.00 price objective on the stock. Finally, Weiss Ratings lowered Louisiana-Pacific from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 19th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.00.

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.

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