Man Group plc Sells 284,332 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Man Group plc cut its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 72.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,533 shares of the building manufacturing company's stock after selling 284,332 shares during the period. Man Group plc owned approximately 0.15% of Louisiana-Pacific worth $11,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. grew its position in Louisiana-Pacific by 2.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock worth $383,000 after acquiring an additional 95 shares during the last quarter. Hanseatic Management Services Inc. grew its position in 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 acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew 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 worth $1,802,000 after acquiring an additional 100 shares during 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 worth $337,000 after acquiring an additional 100 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Louisiana-Pacific by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock worth $228,000 after acquiring an additional 114 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Up 1.4%

Shares of NYSE LPX traded up $1.26 during trading on Friday, reaching $92.74. The company had a trading volume of 832,600 shares, compared to its average volume of 709,429. The company's fifty day moving average price is $89.24 and its 200-day moving average price is $102.08. Louisiana-Pacific Co. has a 12 month low of $78.82 and a 12 month high of $122.87. The stock has a market cap of $6.45 billion, a P/E ratio of 15.77, a PEG ratio of 1.24 and a beta of 1.94. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating 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 company had revenue of $724.00 million for the quarter, compared to analyst estimates of $711.66 million. During the same quarter in the prior year, the company earned $1.53 EPS. The firm's revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.21%. Louisiana-Pacific's payout ratio is 19.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LPX shares. Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. BMO Capital Markets boosted their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research report on Wednesday, May 7th. Truist Financial reduced their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $107.38.

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.