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

Key Points

• Deutsche Bank acquired 23,780 Louisiana-Pacific shares during the second quarter, worth approximately $1.87 million. Institutional investors collectively own 94.73% of LPX.
• Louisiana-Pacific reported quarterly EPS of $0.40, missing estimates of $0.56, while revenue fell 12.1% year over year to $665 million.
• LPX recently paid a quarterly dividend of $0.30, representing a 1.7% yield, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $94 versus the stock’s $71.32 price.

Deutsche Bank AG acquired a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,780 shares of the building manufacturing company's stock, valued at approximately $1,871,000.

A number of other institutional investors have also modified their holdings of LPX. Eminence Capital LP increased its stake in Louisiana-Pacific by 29.9% during the fourth quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company's stock valued at $326,927,000 after purchasing an additional 932,177 shares during the last quarter. 59 North Capital Management LP grew its position in shares of Louisiana-Pacific by 26.3% during the 4th 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 buying an additional 737,406 shares during the last quarter. State Street Corp grew its position in shares of Louisiana-Pacific by 1.3% during the 4th quarter. State Street Corp now owns 2,171,315 shares of the building manufacturing company's stock valued at $175,355,000 after buying an additional 27,710 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Louisiana-Pacific by 23.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,723,824 shares of the building manufacturing company's stock worth $139,218,000 after purchasing an additional 332,794 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Louisiana-Pacific by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,639,721 shares of the building manufacturing company's stock worth $119,279,000 after purchasing an additional 15,232 shares during the period. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Stock Up 0.8%

NYSE:LPX opened at $71.32 on Friday. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 90.28, a PEG ratio of 10.01 and a beta of 1.62. Louisiana-Pacific Corporation has a 1-year low of $66.12 and a 1-year high of $101.28. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The business's fifty day moving average price is $74.81 and its 200 day moving average price is $75.87.

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 (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.16). Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The business had revenue of $665.00 million during the quarter, compared to analysts' expectations of $667.31 million. During the same period in the prior year, the company posted $0.99 earnings per share. The firm's revenue was down 12.1% on a year-over-year basis. On average, sell-side analysts forecast that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.30 dividend. 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 is currently 151.90%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Oppenheimer reduced their target price on shares of Louisiana-Pacific from $115.00 to $107.00 and set an "outperform" rating for the company in a research note on Thursday, May 7th. Bank of America increased their price target on Louisiana-Pacific from $85.00 to $101.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Truist Financial cut their price objective on shares of Louisiana-Pacific from $91.00 to $89.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Zacks Research lowered shares of Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 30th. Finally, TD Securities upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating in a research note on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.

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