Louisiana-Pacific Corporation $LPX Position Decreased by Crow s Nest Holdings LP

Key Points

• Crow’s Nest Holdings reduced its Louisiana-Pacific stake by 43.9% in the second quarter, selling 250,000 shares and retaining 320,000 shares valued at approximately $25.2 million.
• Louisiana-Pacific reported weaker quarterly results, with earnings per share of $0.40 missing estimates of $0.56 and revenue falling 12.1% year over year to $664 million.
• LPX shares opened at $68.23, near their 12-month low, while analysts maintained a “Moderate Buy” consensus with an average price target of $94.00; the company also pays a quarterly dividend of $0.30 per share.

Crow s Nest Holdings LP decreased its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 43.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 320,000 shares of the building manufacturing company's stock after selling 250,000 shares during the quarter. Louisiana-Pacific accounts for about 7.6% of Crow s Nest Holdings LP's holdings, making the stock its 5th biggest holding. Crow s Nest Holdings LP owned 0.46% of Louisiana-Pacific worth $25,171,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LPX. HB Wealth Management LLC grew its holdings in Louisiana-Pacific by 4.2% during the 2nd quarter. HB Wealth Management LLC now owns 4,106 shares of the building manufacturing company's stock worth $323,000 after acquiring an additional 164 shares in the last quarter. Round Rock Advisors LLC raised its holdings in shares of Louisiana-Pacific by 23.4% in the 2nd quarter. Round Rock Advisors LLC now owns 5,118 shares of the building manufacturing company's stock valued at $403,000 after purchasing an additional 969 shares in the last quarter. Nykredit A S acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at $187,000. Luken Investment Analytics LLC lifted its position in shares of Louisiana-Pacific by 1.8% during the 2nd quarter. Luken Investment Analytics LLC now owns 19,818 shares of the building manufacturing company's stock worth $1,559,000 after purchasing an additional 346 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its position in shares of Louisiana-Pacific by 36.8% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company's stock worth $119,709,000 after purchasing an additional 409,300 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Up 0.1%

Shares of Louisiana-Pacific stock opened at $68.23 on Monday. The company has a fifty day simple moving average of $73.82 and a 200-day simple moving average of $74.78. Louisiana-Pacific Corporation has a 12-month low of $66.12 and a 12-month 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 stock has a market cap of $4.77 billion, a price-to-earnings ratio of 86.37, a PEG ratio of 9.65 and a beta of 1.59.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 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 company had revenue of $664.00 million during the quarter, compared to analysts' expectations of $667.31 million. During the same period last year, the business earned $0.99 earnings per share. The company's quarterly revenue was down 12.1% on a year-over-year basis. On average, equities analysts forecast that Louisiana-Pacific Corporation will post 1.17 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 151.90%.

Analyst Upgrades and Downgrades

LPX has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on Louisiana-Pacific from $66.00 to $74.00 and gave the company a "sell" rating in a report on Thursday, August 6th. Bank of America lifted their price target on Louisiana-Pacific from $85.00 to $101.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Zacks Research cut Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 30th. TD increased their price objective on Louisiana-Pacific from $86.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Finally, Weiss Ratings upgraded Louisiana-Pacific from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday. 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 company. According to data from MarketBeat, Louisiana-Pacific currently has an average rating of "Moderate Buy" and a consensus target price 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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