Jupiter Topco LLC Makes New $2.22 Million Investment in Louisiana-Pacific Corporation $LPX

Jupiter Topco LLC acquired a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 28,179 shares of the building manufacturing company’s stock, valued at approximately $2,219,000.

A number of other institutional investors and hedge funds have also modified their holdings of LPX. Geode Capital Management LLC boosted its stake in Louisiana-Pacific by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,160,434 shares of the building manufacturing company’s stock worth $93,735,000 after buying an additional 18,287 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Louisiana-Pacific in the 4th quarter valued at $14,472,000. Principal Financial Group Inc. increased its holdings in Louisiana-Pacific by 20.5% in the 1st quarter. Principal Financial Group Inc. now owns 497,852 shares of the building manufacturing company’s stock valued at $36,219,000 after buying an additional 84,661 shares during the period. Norges Bank acquired a new position in shares of Louisiana-Pacific in the 4th quarter valued at $60,184,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Louisiana-Pacific by 2,547.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 385,416 shares of the building manufacturing company’s stock valued at $31,126,000 after buying an additional 370,856 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a report on Thursday, May 7th. Barclays lowered their target price 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. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Jefferies Financial Group began coverage on shares of Louisiana-Pacific in a research note on Tuesday, June 23rd. They set a “buy” rating and a $93.00 price target for the company. Finally, Weiss Ratings downgraded Louisiana-Pacific from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.00.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX opened at $67.68 on Friday. Louisiana-Pacific Corporation has a twelve month low of $66.12 and a twelve month high of $101.28. The firm has a market cap of $4.73 billion, a PE ratio of 85.67, a price-to-earnings-growth ratio of 9.67 and a beta of 1.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22. The business has a fifty day moving average of $74.10 and a 200-day moving average of $74.96.

Louisiana-Pacific (NYSE:LPX) last released 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 the consensus estimate of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. On average, equities research analysts predict that Louisiana-Pacific Corporation will post 1.17 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. Louisiana-Pacific’s payout ratio is currently 151.90%.

About Louisiana-Pacific

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.