Caxton Associates LLP Makes New Investment in Louisiana-Pacific Corporation $LPX

Key Points

• Caxton Associates LLP has acquired 11,025 shares of Louisiana-Pacific Corporation, valued at approximately $1,014,000.
• Louisiana-Pacific recently announced a quarterly dividend of $0.28 per share, representing an annualized yield of 1.2%.
• A number of institutional investors increased their stakes in Louisiana-Pacific, with about 94.73% of the stock owned by such investors.

Caxton Associates LLP purchased a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,025 shares of the building manufacturing company's stock, valued at approximately $1,014,000.

A number of other institutional investors have also recently made changes to their positions in LPX. Allspring Global Investments Holdings LLC increased its position in Louisiana-Pacific by 18.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company's stock valued at $12,486,000 after buying an additional 21,462 shares in the last quarter. CCM Investment Group LLC purchased a new stake in shares of Louisiana-Pacific during the first quarter worth about $633,000. Sierra Summit Advisors LLC acquired a new position in shares of Louisiana-Pacific during the first quarter valued at about $511,000. Prudential PLC raised its position in shares of Louisiana-Pacific by 27.2% in the 1st quarter. Prudential PLC now owns 44,829 shares of the building manufacturing company's stock valued at $4,123,000 after purchasing an additional 9,581 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Louisiana-Pacific by 1.4% in the 1st quarter. American Century Companies Inc. now owns 525,686 shares of the building manufacturing company's stock worth $48,353,000 after purchasing an additional 7,381 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock traded down $0.97 during trading on Tuesday, hitting $94.00. 512,129 shares of the company's stock were exchanged, compared to its average volume of 743,822. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.12 and a beta of 1.84. The business has a 50-day simple moving average of $93.62 and a 200-day simple moving average of $91.16. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week high of $122.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84.

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

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 15th. Louisiana-Pacific's dividend payout ratio (DPR) is currently 26.42%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the transaction, the director directly owned 29,728 shares of the company's stock, valued at approximately $3,002,528. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.42% of the company's stock.

Analyst Ratings Changes

LPX has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Truist Financial dropped their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Finally, DA Davidson cut their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $110.57.

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.