Y Intercept Hong Kong Ltd Has $5.14 Million Stake in Louisiana-Pacific Corporation $LPX

Y Intercept Hong Kong Ltd raised its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 27.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,876 shares of the building manufacturing company’s stock after purchasing an additional 12,490 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Louisiana-Pacific were worth $5,142,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Millennium Management LLC boosted its holdings in Louisiana-Pacific by 128.6% during 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 during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Louisiana-Pacific during the first quarter valued at approximately $273,000. Goldman Sachs Group Inc. lifted its holdings in Louisiana-Pacific by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock worth $25,274,000 after acquiring an additional 18,413 shares during the period. Empowered Funds LLC boosted its position in Louisiana-Pacific by 207.1% in the first quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock worth $2,596,000 after purchasing an additional 19,029 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 valued at $20,747,000 after purchasing an additional 29,846 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. DA Davidson restated a “buy” rating and set a $117.00 price target on shares of Louisiana-Pacific in a research note on Thursday, November 20th. Vertical Research initiated coverage on Louisiana-Pacific in a research note on Monday, October 20th. They issued a “buy” rating on the stock. Truist Financial raised their target price on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, TD Securities dropped their price target on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.57.

Louisiana-Pacific Stock Down 1.5%

Shares of NYSE LPX opened at $91.25 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.20. The company has a market cap of $6.35 billion, a P/E ratio of 29.53 and a beta of 1.80. Louisiana-Pacific Corporation has a 52 week low of $73.42 and a 52 week high of $119.91. The business has a 50-day simple moving average of $84.24 and a two-hundred day simple moving average of $88.33.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $670.26 million. Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 earnings per share. Research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 14th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, November 14th. Louisiana-Pacific’s payout ratio is 36.25%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Stephen E. Macadam bought 3,200 shares of Louisiana-Pacific stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of $78.06 per share, for a total transaction of $249,792.00. Following the completion of the transaction, the director directly owned 41,149 shares in the company, valued at $3,212,090.94. This represents a 8.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Bradley Southern sold 55,346 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $91.66, for a total value of $5,073,014.36. Following the completion of the sale, the chief executive officer directly owned 503,381 shares in the company, valued at approximately $46,139,902.46. The trade was a 9.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 113,344 shares of company stock worth $10,170,949. Insiders own 1.42% of the company’s stock.

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.