Janus Henderson Group PLC Has $5.95 Million Position in Louisiana-Pacific Corporation $LPX

Key Points

• Janus Henderson increased its Louisiana-Pacific stake by 19.7% in the first quarter, bringing its holdings to 81,707 shares valued at approximately $5.95 million. Institutional investors collectively own 94.73% of LPX.
• Louisiana-Pacific’s second-quarter results fell short of expectations: EPS was $0.40 versus a $0.54 consensus, while revenue declined 12.1% year over year to $665 million. Management’s third-quarter and full-year revenue outlooks were also well below analyst estimates.
• Despite the weaker results, analysts maintain a Moderate Buy consensus with an average price target of $94 versus the reported share price of $75.88; the company also declared a quarterly dividend of $0.30 per share, yielding about 1.6%.

Janus Henderson Group PLC lifted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 19.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,707 shares of the building manufacturing company's stock after purchasing an additional 13,468 shares during the quarter. Janus Henderson Group PLC owned 0.12% of Louisiana-Pacific worth $5,947,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. North Ridge Wealth Advisors Inc. acquired a new position in Louisiana-Pacific in the second quarter valued at about $26,000. Parallel Advisors LLC lifted its holdings in shares of Louisiana-Pacific by 204.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company's stock valued at $28,000 after purchasing an additional 255 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Louisiana-Pacific during the 4th quarter valued at about $29,000. Root Financial Partners LLC grew its position in shares of Louisiana-Pacific by 177.6% in the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company's stock valued at $32,000 after purchasing an additional 277 shares during the period. Finally, Whittier Trust Co. grew its position in shares of Louisiana-Pacific by 138.1% in the 1st quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company's stock valued at $36,000 after purchasing an additional 290 shares during the period. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific News Roundup

Here are the key news stories impacting Louisiana-Pacific this week:

• Positive Sentiment: DA Davidson maintained a Buy rating while lowering its price target from $103 to $99, implying approximately 30.5% upside from $75.88. Benzinga analyst note
• Positive Sentiment: Truist Financial also retained a Buy rating, reducing its target from $91 to $89, representing roughly 17.3% potential upside. Benzinga analyst note
• Positive Sentiment: Barclays kept an Overweight rating and trimmed its target from $93 to $92, still indicating approximately 21.2% upside. Benzinga analyst note
• Neutral Sentiment: Analyst target reductions suggest estimates are being reset lower, although the continued positive ratings indicate that analysts believe LPX’s valuation and longer-term prospects may support a recovery.
• Negative Sentiment: Louisiana-Pacific reported second-quarter EPS of $0.40, below consensus estimates of $0.53-$0.58 and down from $0.99 a year earlier. Revenue of $665 million was close to estimates of $667.3 million but declined 12.1% year over year. Q2 earnings report
• Negative Sentiment: Management’s updated outlook is particularly weak: third-quarter revenue guidance of $460 million-$470 million is far below the $684.3 million consensus, while full-year revenue guidance of about $1.7 billion trails the $2.6 billion estimate. The lack of stated EPS guidance adds uncertainty. Q2 earnings call transcript
• Negative Sentiment: Goldman Sachs raised its target from $66 to $74 but maintained a Sell rating, putting its target slightly below the referenced share price. Benzinga analyst note

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LPX. Truist Financial lowered their target price on Louisiana-Pacific from $91.00 to $89.00 and set a "buy" rating for the company in a research note on Thursday. TD upped their price objective on Louisiana-Pacific from $86.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Bank of America increased their price objective on Louisiana-Pacific from $85.00 to $101.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. BMO Capital Markets raised Louisiana-Pacific from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research report on Thursday, May 7th. Finally, Oppenheimer reduced their price target on Louisiana-Pacific from $115.00 to $107.00 and set an "outperform" rating for the company in a research report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $94.00.

Louisiana-Pacific Stock Down 1.9%

LPX opened at $75.88 on Friday. The stock's fifty day simple moving average is $75.13 and its 200 day simple moving average is $77.69. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.30 billion, a PE ratio of 96.06, a price-to-earnings-growth ratio of 2.52 and a beta of 1.62. Louisiana-Pacific Corporation has a 1-year low of $66.12 and a 1-year high of $102.86.

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 the consensus estimate of $0.54 by ($0.14). 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 the consensus estimate of $667.31 million. During the same quarter last year, the firm earned $0.99 earnings per share. The business's revenue for the quarter was down 12.1% compared to the same quarter last year. As a group, research analysts expect that Louisiana-Pacific Corporation will post 1.86 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th. Louisiana-Pacific's payout ratio is 101.69%.

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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