Squarepoint Ops LLC Boosts Holdings in Louisiana-Pacific Corporation $LPX

Squarepoint Ops LLC raised its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 476.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 26,238 shares of the building manufacturing company's stock after buying an additional 21,685 shares during the period. Squarepoint Ops LLC's holdings in Louisiana-Pacific were worth $2,064,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LPX. Western Wealth Management LLC acquired a new stake in Louisiana-Pacific in the first quarter valued at approximately $25,000. Parallel Advisors LLC grew its position 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 valued at $28,000 after buying an additional 255 shares during the last quarter. 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 buying an additional 277 shares during the last quarter. Whittier Trust Co. raised its stake in Louisiana-Pacific by 138.1% during the 1st quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company's stock worth $36,000 after acquiring an additional 290 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in Louisiana-Pacific by 1,505.4% during the 1st quarter. Meeder Asset Management Inc. now owns 594 shares of the building manufacturing company's stock worth $43,000 after acquiring an additional 557 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Trading Down 0.7%

Louisiana-Pacific stock opened at $66.83 on Tuesday. The stock has a 50-day moving average price of $72.41 and a 200 day moving average price of $74.04. Louisiana-Pacific Corporation has a 52 week low of $65.35 and a 52 week high of $100.34. The stock has a market cap of $4.67 billion, a PE ratio of 84.59, a P/E/G ratio of 9.52 and a beta of 1.59. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.16). The business had revenue of $664.00 million during 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 quarterly revenue was down 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. Equities research analysts predict that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

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

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of recent research reports. DA Davidson reaffirmed a "buy" rating and set a $99.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, September 2nd. Zacks Research cut Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 30th. Weiss Ratings raised Louisiana-Pacific from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. TD lifted their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Finally, Barclays dropped their price objective on shares of Louisiana-Pacific from $93.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Louisiana-Pacific currently has an average rating of "Moderate Buy" and an average price target of $93.67.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, operating as LP Building Solutions, manufactures building products used in residential, repair and remodeling, and commercial construction. Its portfolio includes oriented strand board (OSB) structural panels, siding, trim, and related engineered wood products designed for walls, roofs, floors, and exterior applications.

The company's principal brands include LP SmartSide siding and trim, which are engineered wood products for residential and light-commercial exteriors, and LP Structural Solutions products, including OSB panels and specialty sheathing.

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