D. E. Shaw & Co. Inc. Has $14.39 Million Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

D. E. Shaw & Co. Inc. reduced its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 24.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 138,983 shares of the building manufacturing company's stock after selling 44,762 shares during the period. D. E. Shaw & Co. Inc. owned 0.20% of Louisiana-Pacific worth $14,392,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. raised its stake in Louisiana-Pacific by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock worth $383,000 after buying an additional 95 shares in the last quarter. Hanseatic Management Services Inc. increased its stake in shares of Louisiana-Pacific by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock valued at $97,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Louisiana-Pacific by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock valued at $1,802,000 after buying an additional 100 shares in the last quarter. Woodmont Investment Counsel LLC grew its position in Louisiana-Pacific by 3.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock valued at $337,000 after purchasing an additional 100 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Louisiana-Pacific by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock worth $228,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Down 0.7%

NYSE LPX traded down $0.67 during mid-day trading on Monday, hitting $94.81. The company's stock had a trading volume of 74,540 shares, compared to its average volume of 703,374. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific Co. has a 52-week low of $78.82 and a 52-week high of $122.87. The firm has a market capitalization of $6.60 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. The stock's fifty day simple moving average is $89.16 and its two-hundred day simple moving average is $102.49.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $711.66 million. During the same quarter last year, the business posted $1.53 EPS. The business's revenue was up .0% on a year-over-year basis. Research analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.65%.

Analysts Set New Price Targets

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

Louisiana-Pacific 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.