JPMorgan Chase & Co. Has $21.44 Million Holdings in Louisiana-Pacific Corporation $LPX

JPMorgan Chase & Co. decreased its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 23.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,257 shares of the building manufacturing company's stock after selling 76,481 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.36% of Louisiana-Pacific worth $21,435,000 as of its most recent SEC filing.

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Other hedge funds have also added to or reduced their stakes in the company. 59 North Capital Management LP lifted its position in Louisiana-Pacific by 32.1% during the 1st quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company's stock worth $240,863,000 after buying an additional 635,817 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings 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 acquiring an additional 2,581,023 shares in the last quarter. Eminence Capital LP increased its position in shares of Louisiana-Pacific by 16.0% in the first quarter. Eminence Capital LP now owns 1,675,943 shares of the building manufacturing company's stock valued at $154,153,000 after acquiring an additional 230,837 shares during the last quarter. Palestra Capital Management LLC raised its holdings in Louisiana-Pacific by 173.5% during the first quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company's stock worth $83,851,000 after acquiring an additional 578,248 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Louisiana-Pacific by 6.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 684,998 shares of the building manufacturing company's stock worth $63,007,000 after acquiring an additional 38,801 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

Insiders Place Their Bets

In related news, Director Stephen E. Macadam acquired 3,200 shares of the business's stock in a transaction on Friday, November 7th. The stock was purchased 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 of the company's stock, valued at approximately $3,212,090.94. The trade was a 8.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.42% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Stock Down 0.7%

LPX stock opened at $82.20 on Friday. Louisiana-Pacific Corporation has a 1-year low of $73.42 and a 1-year high of $121.61. The business's 50 day simple moving average is $84.77 and its 200 day simple moving average is $89.32. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $5.72 billion, a PE ratio of 26.60 and a beta of 1.81.

Louisiana-Pacific (NYSE:LPX - Get Free Report) 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 the consensus estimate of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The business had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. During the same period in the prior year, the business earned $1.22 EPS. The company's revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were paid a $0.28 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. Louisiana-Pacific's dividend payout ratio is 36.25%.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. DA Davidson reissued a "buy" rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a report on Thursday, November 20th. Royal Bank Of Canada decreased their target price on shares of Louisiana-Pacific from $114.00 to $104.00 and set an "outperform" rating for the company in a research note on Thursday, November 6th. Vertical Research began coverage on shares of Louisiana-Pacific in a research report on Monday, October 20th. They set a "buy" rating on the stock. Finally, Zacks Research cut shares of Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research note on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $106.33.

Get Our Latest Stock Report on LPX

Louisiana-Pacific Company Profile

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.

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