Parsifal Capital Management LP Invests $18.47 Billion in Louisiana-Pacific Corporation $LPX

Key Points

• Parsifal Capital Management acquired 234,757 Louisiana-Pacific shares in the second quarter, worth approximately $18.5 million, giving it a 0.34% stake and making LPX its 14th-largest holding. Institutional investors collectively own 94.73% of the company.
• Analyst sentiment is mixed, but the stock carries a “Moderate Buy” consensus with an average price target of $94.00, compared with a recent share price of $73.19.
• Louisiana-Pacific reported quarterly EPS of $0.40, below the $0.56 consensus estimate, while revenue fell 12.1% year over year to $665 million. The company declared a quarterly dividend of $0.30 per share, representing a 1.6% yield, though its payout ratio is elevated at 151.9%.

Parsifal Capital Management LP bought a new stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 234,757 shares of the building manufacturing company's stock, valued at approximately $18,465,986,000. Louisiana-Pacific accounts for 2.2% of Parsifal Capital Management LP's investment portfolio, making the stock its 14th biggest holding. Parsifal Capital Management LP owned approximately 0.34% of Louisiana-Pacific as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of Louisiana-Pacific during the 1st quarter valued at $25,000. North Ridge Wealth Advisors Inc. bought a new position in shares of Louisiana-Pacific in the 2nd quarter worth about $26,000. Parallel Advisors LLC increased its stake in shares of Louisiana-Pacific by 204.0% in the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company's stock worth $28,000 after acquiring an additional 255 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Louisiana-Pacific in the fourth quarter worth about $29,000. Finally, Root Financial Partners LLC grew its holdings in Louisiana-Pacific by 177.6% in the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company's stock worth $32,000 after purchasing an additional 277 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LPX has been the subject of several recent research reports. Jefferies Financial Group assumed coverage on shares of Louisiana-Pacific in a report on Tuesday, June 23rd. They set a "buy" rating and a $93.00 target price for the company. Weiss Ratings cut Louisiana-Pacific from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday. Barclays reduced their price target on Louisiana-Pacific from $93.00 to $92.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. Zacks Research lowered Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 30th. Finally, TD Securities raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating in a research report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company. According to MarketBeat, Louisiana-Pacific presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.00.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $73.19 on Monday. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $75.35 and a 200-day moving average price of $76.51. Louisiana-Pacific Corporation has a 52 week low of $66.12 and a 52 week high of $101.28. The firm has a market capitalization of $5.12 billion, a PE ratio of 92.65, a P/E/G ratio of 10.36 and a beta of 1.62.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share 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 $665.00 million for the quarter, compared to the consensus estimate of $667.31 million. During the same quarter last year, the company earned $0.99 EPS. The firm's revenue for the quarter was down 12.1% on a year-over-year basis. As a group, equities research analysts expect that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 14th. Louisiana-Pacific's dividend payout ratio is 151.90%.

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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