Brevan Howard Capital Management LP Sells 12,040 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Brevan Howard Capital Management LP reduced its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 60.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,760 shares of the building manufacturing company's stock after selling 12,040 shares during the period. Brevan Howard Capital Management LP's holdings in Louisiana-Pacific were worth $804,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LPX. UMB Bank n.a. increased its holdings in shares of Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after buying an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Louisiana-Pacific during the fourth quarter worth $35,000. Harbor Capital Advisors Inc. increased its holdings in shares of Louisiana-Pacific by 65.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock worth $61,000 after buying an additional 232 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock worth $75,000 after buying an additional 259 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its stake in shares of Louisiana-Pacific by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock worth $97,000 after purchasing an additional 100 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on LPX. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research report on Wednesday, May 7th. TD Securities cut their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Truist Financial cut their price objective on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $107.38.

Louisiana-Pacific Stock Performance

LPX traded down $0.52 on Tuesday, hitting $93.98. The company's stock had a trading volume of 581,021 shares, compared to its average volume of 716,155. The company's 50 day simple moving average is $88.96 and its 200-day simple moving average is $102.64. The firm has a market cap of $6.54 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a 12 month low of $78.82 and a 12 month high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.13 by $0.14. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $724.00 million during the quarter, compared to the consensus estimate of $711.66 million. During the same period last year, the firm earned $1.53 EPS. The business's quarterly revenue was up .0% compared to the same quarter last year. Analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, May 20th. Louisiana-Pacific's payout ratio is 19.65%.

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.