Maple Rock Capital Partners Inc. Has $119.71 Million Stake in Louisiana-Pacific Corporation $LPX

Key Points

• Maple Rock Capital Partners increased its Louisiana-Pacific stake by 36.8% in the second quarter, holding 1.52 million shares valued at approximately $119.7 million. Institutional investors and hedge funds collectively own 94.73% of LPX.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $94, despite some target reductions and one “Strong Sell” downgrade.
• Louisiana-Pacific missed quarterly earnings estimates, reporting $0.40 EPS versus $0.56 expected, while revenue declined 12.1% year over year. The company also paid a $0.30 quarterly dividend, equal to a 1.7% annualized yield.

Maple Rock Capital Partners Inc. grew its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 36.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,521,859 shares of the building manufacturing company's stock after acquiring an additional 409,300 shares during the period. Louisiana-Pacific accounts for 2.4% of Maple Rock Capital Partners Inc.'s portfolio, making the stock its 15th largest holding. Maple Rock Capital Partners Inc. owned about 2.18% of Louisiana-Pacific worth $119,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Millennium Management LLC boosted its stake in Louisiana-Pacific by 128.6% in the first quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company's stock worth $16,259,000 after purchasing an additional 99,455 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Louisiana-Pacific in the first quarter valued at about $273,000. Goldman Sachs Group Inc. raised its holdings in shares of Louisiana-Pacific by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company's stock valued at $25,274,000 after buying an additional 18,413 shares during the last quarter. Empowered Funds LLC lifted its position in Louisiana-Pacific by 207.1% during the 1st quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company's stock worth $2,596,000 after buying an additional 19,029 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Louisiana-Pacific by 15.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company's stock worth $20,747,000 after acquiring an additional 29,846 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on LPX. Truist Financial lowered their price objective on shares of Louisiana-Pacific from $91.00 to $89.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. TD increased their price target on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Barclays lowered their price target on shares of Louisiana-Pacific from $93.00 to $92.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. Jefferies Financial Group initiated coverage on Louisiana-Pacific in a research report on Tuesday, June 23rd. They set a "buy" rating and a $93.00 target price for the company. Finally, Zacks Research lowered shares of Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 30th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $94.00.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $70.55 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67. The business has a 50-day moving average of $74.71 and a 200-day moving average of $75.52. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 89.30, a PEG ratio of 10.08 and a beta of 1.62. Louisiana-Pacific Corporation has a fifty-two week low of $66.12 and a fifty-two week high of $101.28.

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

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific's payout ratio is presently 151.90%.

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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