Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP reduced its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 60.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,805 shares of the building manufacturing company's stock after selling 24,115 shares during the quarter. Bridgewater Associates LP's holdings in Louisiana-Pacific were worth $1,637,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Ontario Teachers Pension Plan Board increased its stake in shares of Louisiana-Pacific by 40.2% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 8,656 shares of the building manufacturing company's stock valued at $896,000 after buying an additional 2,484 shares during the period. Icon Advisers Inc. Co. purchased a new position in shares of Louisiana-Pacific during the fourth quarter valued at $2,040,000. Hanlon Investment Management Inc. bought a new stake in Louisiana-Pacific during the fourth quarter valued at about $1,167,000. Mariner LLC boosted its position in Louisiana-Pacific by 9.3% during the fourth quarter. Mariner LLC now owns 8,339 shares of the building manufacturing company's stock valued at $864,000 after purchasing an additional 708 shares in the last quarter. Finally, Barclays PLC boosted its position in Louisiana-Pacific by 129.9% during the fourth quarter. Barclays PLC now owns 82,980 shares of the building manufacturing company's stock valued at $8,594,000 after purchasing an additional 46,891 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. DA Davidson decreased their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a 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 note on Tuesday. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. Royal Bank of Canada reiterated an "outperform" rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, 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 note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $108.63.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded up $2.06 during trading on Thursday, hitting $86.62. The company had a trading volume of 79,623 shares, compared to its average volume of 739,486. The stock has a fifty day simple moving average of $92.21 and a two-hundred day simple moving average of $104.04. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a fifty-two week low of $72.06 and a fifty-two week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. During the same period last year, the business posted $0.71 earnings per share. The company's quarterly revenue was up 3.5% on a year-over-year basis. On average, research analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is currently 19.05%.

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.