Y Intercept Hong Kong Ltd Buys 22,062 Shares of Louisiana-Pacific Corporation $LPX

Y Intercept Hong Kong Ltd raised its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 135.3% during the first quarter, Holdings Channel reports. The firm owned 38,365 shares of the building manufacturing company’s stock after buying an additional 22,062 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Louisiana-Pacific were worth $2,791,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LPX. Root Financial Partners LLC lifted its holdings in Louisiana-Pacific by 177.6% in the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after buying an additional 277 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in Louisiana-Pacific in the first quarter worth $56,596,000. Louisiana State Employees Retirement System purchased a new stake in Louisiana-Pacific in the first quarter worth $1,339,000. Strong Tower Advisory Services lifted its position in Louisiana-Pacific by 1.9% during the first quarter. Strong Tower Advisory Services now owns 108,804 shares of the building manufacturing company’s stock valued at $7,915,000 after buying an additional 2,070 shares during the period. Finally, Pullen Investment Management LLC bought a new stake in shares of Louisiana-Pacific during the 1st quarter valued at $2,896,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LPX shares. BMO Capital Markets upgraded shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 target price for the company in a report on Thursday, May 7th. Jefferies Financial Group assumed coverage on Louisiana-Pacific in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 target price on the stock. DA Davidson restated a “buy” rating and set a $114.00 price target on shares of Louisiana-Pacific in a report on Tuesday, May 5th. Oppenheimer lowered their price target on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, Zacks Research cut shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.78.

Louisiana-Pacific Price Performance

LPX opened at $74.78 on Wednesday. The company’s 50-day simple moving average is $74.49 and its two-hundred day simple moving average is $79.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.48 and a current ratio of 3.26. The stock has a market capitalization of $5.22 billion, a P/E ratio of 63.37, a P/E/G ratio of 1.95 and a beta of 1.60. Louisiana-Pacific Corporation has a 52-week low of $66.12 and a 52-week high of $102.86.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.24. The firm had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $569.99 million. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The firm’s quarterly revenue was down 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.27 earnings per share. As a group, analysts predict that Louisiana-Pacific Corporation will post 2 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Louisiana-Pacific’s payout ratio is currently 101.69%.

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.