Maple Rock Capital Partners Inc. Has $119.71 Million Stock Position in Louisiana-Pacific Corporation $LPX

Maple Rock Capital Partners Inc. increased its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 36.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,521,859 shares of the building manufacturing company’s stock after purchasing an additional 409,300 shares during the period. Louisiana-Pacific accounts for approximately 2.4% of Maple Rock Capital Partners Inc.’s holdings, making the stock its 15th largest position. Maple Rock Capital Partners Inc.’s holdings in Louisiana-Pacific were worth $119,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LPX. North Ridge Wealth Advisors Inc. bought a new stake in Louisiana-Pacific in the second quarter valued at approximately $26,000. Los Angeles Capital Management LLC bought a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $29,000. Western Wealth Management LLC bought a new position in shares of Louisiana-Pacific during the 1st quarter worth approximately $25,000. Parallel Advisors LLC increased its holdings in shares of Louisiana-Pacific by 204.0% during 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 during the last quarter. Finally, Root Financial Partners LLC increased its holdings in shares of Louisiana-Pacific by 177.6% during the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after acquiring an additional 277 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on LPX. Bank of America increased their price target on Louisiana-Pacific from $85.00 to $101.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Jefferies Financial Group assumed coverage on shares of Louisiana-Pacific in a research report on Tuesday, June 23rd. They set a “buy” rating and a $93.00 price objective for the company. Barclays decreased their price objective on shares of Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Oppenheimer dropped their price objective on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Finally, TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $70.55 on Tuesday. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 89.30, a PEG ratio of 10.08 and a beta of 1.62. 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 Corporation has a 12 month low of $66.12 and a 12 month high of $101.28. The stock’s 50 day moving average is $74.71 and its 200-day moving average is $75.52.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). The firm had revenue of $665.00 million for 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 business’s revenue for the quarter 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 expect that Louisiana-Pacific Corporation will post 1.17 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.7%. Louisiana-Pacific’s payout ratio is currently 151.90%.

Louisiana-Pacific Company 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.