Y Intercept Hong Kong Ltd Has $3.90 Million Stake in Louisiana-Pacific Corporation $LPX

Y Intercept Hong Kong Ltd grew its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 181.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,386 shares of the building manufacturing company’s stock after purchasing an additional 29,277 shares during the period. Y Intercept Hong Kong Ltd owned about 0.07% of Louisiana-Pacific worth $3,903,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. 59 North Capital Management LP lifted its holdings in shares of Louisiana-Pacific by 32.1% during the 1st quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock worth $240,863,000 after acquiring an additional 635,817 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of Louisiana-Pacific by 33,243.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock worth $222,610,000 after acquiring an additional 2,581,023 shares during the period. Eminence Capital LP lifted its holdings in shares of Louisiana-Pacific by 16.0% during the 1st quarter. Eminence Capital LP now owns 1,675,943 shares of the building manufacturing company’s stock worth $154,153,000 after acquiring an additional 230,837 shares during the period. Palestra Capital Management LLC lifted its holdings in shares of Louisiana-Pacific by 173.5% during the 1st quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company’s stock worth $83,851,000 after acquiring an additional 578,248 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Louisiana-Pacific by 6.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 684,998 shares of the building manufacturing company’s stock worth $63,007,000 after acquiring an additional 38,801 shares during the period. 94.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LPX. Vertical Research started coverage on shares of Louisiana-Pacific in a report on Monday, October 20th. They set a “buy” rating for the company. DA Davidson reaffirmed a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. Truist Financial dropped their target price on shares of Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Finally, Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $110.57.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the transaction, the director owned 29,728 shares of the company’s stock, valued at $3,002,528. The trade was a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is owned by company insiders.

Louisiana-Pacific Trading Down 1.6%

Shares of NYSE LPX opened at $91.35 on Wednesday. Louisiana-Pacific Corporation has a twelve month low of $78.82 and a twelve month high of $122.87. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 21.54 and a beta of 1.80. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average is $92.05 and its 200-day moving average is $90.81.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The company had revenue of $755.00 million during the quarter, compared to analyst estimates of $751.15 million. During the same quarter in the previous year, the business earned $2.09 EPS. The firm’s revenue was down 7.2% on a year-over-year basis. Equities research analysts predict that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. Louisiana-Pacific’s payout ratio is 26.42%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.