Two Sigma Advisers LP Lowers Stake in Louisiana-Pacific Co. (NYSE:LPX)

Two Sigma Advisers LP trimmed its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,000 shares of the building manufacturing company's stock after selling 31,900 shares during the quarter. Two Sigma Advisers LP owned approximately 0.27% of Louisiana-Pacific worth $19,985,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPX. Barclays PLC boosted its stake in Louisiana-Pacific by 20.0% in the third quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company's stock valued at $3,877,000 after acquiring an additional 6,011 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Louisiana-Pacific by 46.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 33,617 shares of the building manufacturing company's stock valued at $3,481,000 after buying an additional 10,662 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Louisiana-Pacific by 34.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,197 shares of the building manufacturing company's stock valued at $331,000 after buying an additional 814 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of Louisiana-Pacific by 6.2% during the 4th quarter. HB Wealth Management LLC now owns 4,115 shares of the building manufacturing company's stock valued at $426,000 after buying an additional 242 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after buying an additional 158 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on LPX shares. 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 research note on Wednesday, May 7th. TD Securities dropped their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. DA Davidson dropped their price target 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 shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research note on Wednesday, May 7th. Finally, Truist Financial dropped their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $107.38.

Louisiana-Pacific Price Performance

NYSE:LPX traded up $1.24 during trading hours on Tuesday, hitting $93.88. 99,048 shares of the company's stock traded hands, compared to its average volume of 678,774. Louisiana-Pacific Co. has a 52 week low of $78.82 and a 52 week high of $122.87. The business's fifty day simple moving average is $89.21 and its two-hundred day simple moving average is $101.91. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.53 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. The firm had revenue of $724.00 million during the quarter, compared to the consensus estimate of $711.66 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company posted $1.53 EPS. On average, research analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.19%. Louisiana-Pacific's dividend payout ratio is presently 19.65%.

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.