Entropy Technologies LP Decreases Holdings in Louisiana-Pacific Corporation $LPX

Entropy Technologies LP decreased its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 75.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,633 shares of the building manufacturing company’s stock after selling 14,037 shares during the period. Entropy Technologies LP’s holdings in Louisiana-Pacific were worth $337,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Louisiana-Pacific during the 2nd quarter worth approximately $26,000. Parallel Advisors LLC lifted its stake in Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after purchasing an additional 255 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Louisiana-Pacific during the fourth quarter valued at $29,000. Root Financial Partners LLC increased its position 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 last quarter. Finally, Whittier Trust Co. increased its position in Louisiana-Pacific by 138.1% in the first quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company’s stock worth $36,000 after buying an additional 290 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on LPX shares. BMO Capital Markets upgraded Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a research note on Thursday, May 7th. 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 report on Thursday, May 7th. Barclays increased their target price on shares of Louisiana-Pacific from $89.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. Finally, Truist Financial lowered their target price on shares of Louisiana-Pacific from $93.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.80.

Louisiana-Pacific Stock Down 2.2%

LPX opened at $71.99 on Friday. The firm has a market capitalization of $5.03 billion, a P/E ratio of 61.01, a price-to-earnings-growth ratio of 2.32 and a beta of 1.60. Louisiana-Pacific Corporation has a one year low of $66.12 and a one year high of $102.86. The company has a fifty day moving average price of $74.92 and a 200-day moving average price of $78.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.24. The company had revenue of $574.00 million for the quarter, compared to the consensus estimate of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The firm’s revenue was down 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 earnings per share. Equities research analysts expect that Louisiana-Pacific Corporation will post 1.93 earnings per share for the current fiscal year.

Louisiana-Pacific 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.