Centiva Capital LP Buys Shares of 5,211 Louisiana-Pacific Co. (NYSE:LPX)

Centiva Capital LP bought a new position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,211 shares of the building manufacturing company's stock, valued at approximately $540,000.

A number of other large investors have also recently added to or reduced their stakes in LPX. UMB Bank n.a. increased its position 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 worth $33,000 after acquiring an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Louisiana-Pacific during the fourth quarter worth about $35,000. Harbor Capital Advisors Inc. increased its position in Louisiana-Pacific by 65.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after acquiring an additional 232 shares in the last quarter. First Horizon Advisors Inc. lifted its stake 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 valued at $75,000 after acquiring an additional 259 shares during the period. Finally, Hanseatic Management Services Inc. grew its position in shares of Louisiana-Pacific by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock worth $97,000 after buying an additional 100 shares during the period. Institutional investors own 94.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LPX. 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 research note on Wednesday, May 7th. Royal Bank of Canada boosted their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. DA Davidson cut their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Truist Financial decreased their price objective on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $107.38.

Louisiana-Pacific Trading Up 0.2%

NYSE LPX traded up $0.22 during trading hours on Thursday, hitting $92.92. 90,348 shares of the company's stock were exchanged, compared to its average volume of 711,684. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a 1-year low of $78.82 and a 1-year high of $122.87. The stock has a 50-day simple moving average of $88.97 and a 200 day simple moving average of $102.51. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

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

Louisiana-Pacific Announces Dividend

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 issued a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.21%. Louisiana-Pacific's dividend payout ratio (DPR) 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.