Louisiana-Pacific Corporation (LPX): Bullish Ken Griffin Takes 5.1% Passive Stake

The good news for Louisiana-Pacific Corporation (NYSE:LPX) is that millenials are expected to begin staking their claims to new homes over the next five years, increasing demand in the new homes market that has been relatively stagnant for years, with the market being largely dictated by baby boomers who had mostly settled down and purchased homes already during the bubble.

Analysts at Zacks recently upgraded their rating on Louisiana-Pacific Corporation (NYSE:LPX) from ‘Underperform’ to ‘Neutral’, while reiterating a $17.00 price target on the stock, which opened trading today at $15.97. However, both Longbow Research and DA Davidson have recently downgraded their ratings on the stock from ‘Buy’ to ‘Neutral’ as well. Longbow reiterated a $16.00 price target upon announcing their downgrade.

Other hedge funds with large positions in Louisiana-Pacific Corporation (NYSE:LPX) include Robert Bishop’s Impala Asset Management, which opened their position in the third quarter of 2014 with 5.67 million shares, Phill Gross and Robert Atchinson’s Adage Capital Management with 3.98 million shares, and Jeffrey Altman’s Owl Creek Asset Management with 2.81 million shares.

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