Jim Cramer Looked At These 7 Stocks Recently

5. Louisiana-Pacific Corporation (NYSE:LPX)

Number of Hedge Fund Holders: 39

Cramer said to stay with Louisiana-Pacific Corporation’s (NYSE:LPX) stock as there is going to be increased building activity.

“Well, I gotta tell you, you’re gonna have a huge rebuild in the Southland, California, the numbers for housing are okay, not great. It’s been a horse, it’s been a great stock. I say you have to stick with it.”

Louisiana-Pacific (NYSE:LPX) provides building solutions for new home construction, remodeling, and outdoor structures, focusing on engineered wood products and structural panels for various markets.

SouthernSun Asset Management, LLC stated the following regarding Louisiana-Pacific Corporation (NYSE:LPX) in its Q3 2024 investor letter:

“Louisiana-Pacific Corporation (NYSE:LPX) was the top contributor in the Small Cap strategy in the third quarter. LPX is a market leader in the manufacturing of engineered wood siding and oriented strand board (OSB). The company’s siding products have been on a secular growth trend, taking share from other forms of siding in recent years due to a superior value proposition tied to factors such as aesthetics, ease of use, and quality. During the second quarter, LPX siding sales performed strongly and management increased 2024 segment guidance. Market data suggests the company is gaining share from vinyl and other siding products in the new builder, repair and remodel, and retail channels, and has a long-term opportunity to continue this trend. The company’s OSB assets and leading market position remain an important component of the company’s long-term value. The largest use for OSB is sheathing for residential new construction, and thus demand for OSB is correlated with housing starts. OSB prices are largely dependent on supply and demand dynamics within the industry. During the second quarter, prices were relatively strong, which combined with strong operating performance by the company, led to strong profits. Management expects lower prices and thus lower OSB profits in the third quarter. Overall, we believe recent performance underscores the quality of the company’s assets and management’s skill, and we continue to expect satisfactory long-term results as shareholders.”