Arrowstreet Capital Limited Partnership Has $17.36 Million Position in Louisiana-Pacific Corporation $LPX

Arrowstreet Capital Limited Partnership lessened its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,896 shares of the building manufacturing company’s stock after selling 16,796 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.29% of Louisiana-Pacific worth $17,361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC grew its stake in shares of Louisiana-Pacific by 33,243.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock valued at $222,610,000 after purchasing an additional 2,581,023 shares during the period. Norges Bank bought a new position in shares of Louisiana-Pacific during the 2nd quarter worth approximately $72,299,000. 59 North Capital Management LP boosted its stake in Louisiana-Pacific by 32.1% in the 1st quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock valued at $240,863,000 after buying an additional 635,817 shares in the last quarter. Palestra Capital Management LLC grew its position in Louisiana-Pacific by 173.5% in the first quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company’s stock valued at $83,851,000 after acquiring an additional 578,248 shares during the period. Finally, Nuveen LLC bought a new stake in Louisiana-Pacific in the first quarter valued at $25,409,000. Institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Stephen E. Macadam bought 3,200 shares of the company’s stock in a transaction on Friday, November 7th. The stock was bought at an average price of $78.06 per share, for a total transaction of $249,792.00. Following the transaction, the director owned 41,149 shares of the company’s stock, valued at approximately $3,212,090.94. The trade was a 8.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is currently owned by company insiders.

Louisiana-Pacific Stock Up 2.6%

NYSE LPX opened at $84.32 on Monday. The stock has a market capitalization of $5.87 billion, a P/E ratio of 27.29 and a beta of 1.81. Louisiana-Pacific Corporation has a 52 week low of $73.42 and a 52 week high of $121.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 2.93. The stock has a fifty day moving average of $84.76 and a 200-day moving average of $89.21.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $663.00 million during the quarter, compared to the consensus estimate of $670.26 million. Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. Louisiana-Pacific’s revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 EPS. On average, equities research analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm 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. The ex-dividend date was Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. Louisiana-Pacific’s payout ratio is currently 36.25%.

Analyst Ratings Changes

A number of research analysts have issued reports on LPX shares. DA Davidson reissued a “buy” rating and set a $117.00 price objective on shares of Louisiana-Pacific in a report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. TD Securities decreased their price objective on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada dropped their price objective on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $106.33.

About Louisiana-Pacific

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.