AQR Capital Management LLC Has $32.63 Million Position in Louisiana-Pacific Corporation $LPX

AQR Capital Management LLC grew its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 20.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 360,162 shares of the building manufacturing company's stock after acquiring an additional 60,832 shares during the quarter. AQR Capital Management LLC owned 0.52% of Louisiana-Pacific worth $32,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock valued at $52,000 after purchasing an additional 242 shares during the period. Fifth Third Bancorp boosted its position in Louisiana-Pacific by 41.5% during the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock worth $96,000 after purchasing an additional 305 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Louisiana-Pacific by 67.2% in the 1st quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock valued at $111,000 after purchasing an additional 484 shares in the last quarter. Leavell Investment Management Inc. grew its stake in shares of Louisiana-Pacific by 11.6% in the 1st quarter. Leavell Investment Management Inc. now owns 2,231 shares of the building manufacturing company's stock valued at $205,000 after buying an additional 231 shares during the period. Finally, Breed s Hill Capital LLC acquired a new position in Louisiana-Pacific during the fourth quarter worth $207,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen cut shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Truist Financial reduced their price target on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, DA Davidson reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific presently has an average rating of "Hold" and an average target price of $110.57.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of Louisiana-Pacific stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the transaction, the director directly owned 29,728 shares in the company, valued at approximately $3,002,528. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.42% of the company's stock.

Louisiana-Pacific Stock Down 1.0%

LPX stock traded down $0.96 during trading on Friday, reaching $96.79. The stock had a trading volume of 60,732 shares, compared to its average volume of 745,152. The company has a market capitalization of $6.74 billion, a P/E ratio of 22.83, a PEG ratio of 2.13 and a beta of 1.84. The firm has a fifty day moving average price of $93.34 and a 200 day moving average price of $91.33. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 1-year low of $78.82 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The firm had revenue of $755.00 million for the quarter, compared to analyst estimates of $751.15 million. During the same quarter in the prior year, the business earned $2.09 earnings per share. Louisiana-Pacific's quarterly revenue was down 7.2% on a year-over-year basis. On average, equities analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. Louisiana-Pacific's payout ratio is currently 26.42%.

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.