Louisiana-Pacific Corporation $LPX Shares Purchased by Eminence Capital LP

Key Points

• Eminence Capital LP increased its stake in Louisiana‑Pacific by 7.9% in Q3 to 3,115,959 shares (about 4.47% of LPX), worth roughly $276.8 million, making LPX its 6th-largest holding while institutional investors own 94.73% of the stock.
• Analysts have a consensus Moderate Buy on LPX with an average price target of $105.83; seven analysts rate it Buy, two Hold and one Sell.
• Louisiana‑Pacific beat EPS expectations for the quarter ($0.03 vs. -$0.06 consensus) even as revenue fell 16.7% YoY to $567M, and the company raised its quarterly dividend to $0.30 (annualized $1.20, ~1.6% yield).

Eminence Capital LP lifted its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,115,959 shares of the building manufacturing company's stock after acquiring an additional 228,521 shares during the period. Louisiana-Pacific makes up 3.4% of Eminence Capital LP's holdings, making the stock its 6th biggest holding. Eminence Capital LP owned 4.47% of Louisiana-Pacific worth $276,822,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LPX. Channing Capital Management LLC increased its holdings in Louisiana-Pacific by 12.0% during the 3rd quarter. Channing Capital Management LLC now owns 840,500 shares of the building manufacturing company's stock worth $74,670,000 after purchasing an additional 90,388 shares in the last quarter. Citigroup Inc. boosted its position in shares of Louisiana-Pacific by 48.9% during the third quarter. Citigroup Inc. now owns 95,161 shares of the building manufacturing company's stock valued at $8,454,000 after buying an additional 31,244 shares during the last quarter. American Century Companies Inc. grew its holdings in Louisiana-Pacific by 5.7% during the second quarter. American Century Companies Inc. now owns 555,489 shares of the building manufacturing company's stock worth $47,766,000 after buying an additional 29,803 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Louisiana-Pacific by 27.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 57,876 shares of the building manufacturing company's stock worth $5,142,000 after buying an additional 12,490 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its position in Louisiana-Pacific by 31.3% in the 3rd quarter. UniSuper Management Pty Ltd now owns 49,785 shares of the building manufacturing company's stock valued at $4,423,000 after buying an additional 11,873 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Analyst Ratings Changes

LPX has been the topic of several recent analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $104.00 price objective on shares of Louisiana-Pacific in a research note on Wednesday, February 18th. DA Davidson dropped their price target on shares of Louisiana-Pacific from $117.00 to $114.00 and set a "buy" rating on the stock in a research report on Monday, February 23rd. Oppenheimer restated an "outperform" rating on shares of Louisiana-Pacific in a report on Tuesday, March 3rd. Barclays lifted their target price on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, January 15th. Finally, Truist Financial boosted their target price on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Louisiana-Pacific presently has an average rating of "Moderate Buy" and a consensus price target of $105.83.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne M. Bruce sold 1,300 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total transaction of $102,167.00. Following the completion of the transaction, the director owned 17,160 shares in the company, valued at $1,348,604.40. This trade represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director F Nicholas Grasberger III bought 20,000 shares of Louisiana-Pacific stock in a transaction dated Thursday, February 19th. The stock was acquired at an average price of $85.49 per share, with a total value of $1,709,800.00. Following the purchase, the director directly owned 38,954 shares of the company's stock, valued at approximately $3,330,177.46. This represents a 105.52% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 157,142 shares of company stock valued at $14,015,145 over the last three months. 1.42% of the stock is currently owned by insiders.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $75.78 on Friday. The business's 50 day simple moving average is $87.33 and its 200 day simple moving average is $86.76. Louisiana-Pacific Corporation has a 12 month low of $73.42 and a 12 month high of $102.86. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 36.26 and a beta of 1.78. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The business had revenue of $567.00 million during the quarter, compared to the consensus estimate of $589.96 million. During the same period last year, the business posted $1.03 earnings per share. The business's revenue for the quarter was down 16.7% on a year-over-year basis. Sell-side analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $0.30 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.28. Louisiana-Pacific's dividend payout ratio (DPR) is presently 53.59%.

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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