GSA Capital Partners LLP Increases Holdings in Louisiana-Pacific Corporation (NYSE:LPX)

Key Points

• GSA Capital Partners LLP increased its stake in Louisiana-Pacific Corporation by 114.4%, holding 6,754 shares valued at approximately $621,000 as of the latest filing.
• Louisiana-Pacific recently announced a quarterly dividend of $0.28, with an annualized yield of 1.2%, scheduled for payment on August 29th.
• Wall Street analysts have varied ratings for LPX, with recent upgrades and downgrades, resulting in an average target price of $106.13 and an overall "Hold" rating.

GSA Capital Partners LLP lifted its holdings in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 114.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,754 shares of the building manufacturing company's stock after buying an additional 3,604 shares during the period. GSA Capital Partners LLP's holdings in Louisiana-Pacific were worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alyeska Investment Group L.P. grew its stake in shares of Louisiana-Pacific by 1,736.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock worth $92,299,000 after acquiring an additional 842,809 shares in the last quarter. FMR LLC increased its position in shares of Louisiana-Pacific by 17.1% in the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after purchasing an additional 540,703 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Louisiana-Pacific by 252.2% in the first quarter. Allianz Asset Management GmbH now owns 682,164 shares of the building manufacturing company's stock valued at $62,746,000 after acquiring an additional 488,458 shares during the last quarter. Palestra Capital Management LLC acquired a new stake in Louisiana-Pacific during the 4th quarter worth $34,521,000. Finally, Point72 Asset Management L.P. boosted its stake in Louisiana-Pacific by 430.3% during the 4th quarter. Point72 Asset Management L.P. now owns 375,900 shares of the building manufacturing company's stock worth $38,924,000 after purchasing an additional 305,021 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on LPX shares. Truist Financial reduced their price target on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a report on Wednesday, May 7th. Royal Bank Of Canada upped 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. Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday. Finally, DA Davidson reduced their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $106.13.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of Louisiana-Pacific stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total transaction of $105,544.08. Following the completion of the sale, the director owned 18,838 shares of the company's stock, valued at approximately $1,686,377.76. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.42% of the stock is owned by company insiders.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded down $1.09 during trading on Thursday, reaching $92.15. 670,730 shares of the company's stock were exchanged, compared to its average volume of 730,201. The company has a quick ratio of 1.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6.41 billion, a PE ratio of 16.16, a PEG ratio of 1.62 and a beta of 1.80. Louisiana-Pacific Corporation has a twelve month low of $78.82 and a twelve month high of $122.87. The firm's fifty day moving average price is $89.77 and its 200-day moving average price is $94.31.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced 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 return on equity of 23.75% and a net margin of 13.74%. The business had revenue of $755.00 million during the quarter, compared to the consensus estimate of $751.15 million. During the same period in the prior year, the company earned $2.09 EPS. Louisiana-Pacific's revenue for the quarter was down 7.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 15th. Louisiana-Pacific's dividend payout ratio is 19.65%.

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.