Caxton Associates LP Has $1.10 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Caxton Associates LP boosted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 169.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,598 shares of the building manufacturing company's stock after purchasing an additional 6,659 shares during the quarter. Caxton Associates LP's holdings in Louisiana-Pacific were worth $1,097,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after purchasing an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Louisiana-Pacific in the 4th quarter worth approximately $35,000. Versant Capital Management Inc lifted its stake in shares of Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after acquiring an additional 214 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Louisiana-Pacific by 65.0% during the 4th 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 during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Louisiana-Pacific by 56.2% during the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after acquiring an additional 259 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LPX shares. BMO Capital Markets increased their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. TD Securities lowered their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $107.38.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded up $0.30 during mid-day trading on Friday, reaching $90.66. 1,045,084 shares of the company were exchanged, compared to its average volume of 717,203. Louisiana-Pacific Co. has a twelve month low of $78.82 and a twelve month high of $122.87. The stock has a market capitalization of $6.32 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.24 and a beta of 1.94. The company's 50-day simple moving average is $88.99 and its 200-day simple moving average is $102.69. 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 issued its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. The company had revenue of $724.00 million during the quarter, compared to analysts' expectations of $711.66 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business's revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.53 earnings per share. As a group, research analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio is currently 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.