Millennium Management LLC Has $8.01 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Millennium Management LLC lessened its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 61.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,307 shares of the building manufacturing company's stock after selling 125,382 shares during the quarter. Millennium Management LLC owned 0.11% of Louisiana-Pacific worth $8,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Louisiana-Pacific during the 4th quarter valued at approximately $35,000. First Horizon Advisors Inc. lifted its position in Louisiana-Pacific by 56.2% in the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after purchasing an additional 259 shares during the period. GeoWealth Management LLC boosted its stake in shares of Louisiana-Pacific by 1,184.9% in the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after buying an additional 865 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Louisiana-Pacific by 142.6% in the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock valued at $108,000 after purchasing an additional 613 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded down $0.35 during trading hours on Friday, reaching $90.15. 51,605 shares of the company's stock were exchanged, compared to its average volume of 679,184. Louisiana-Pacific Co. has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. 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 stock has a market capitalization of $6.27 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.24 and a beta of 1.94. The business has a fifty day moving average price of $89.07 and a 200-day moving average price of $101.62.

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 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 net margin of 14.31% and a return on equity of 25.35%. The business's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.53 EPS. Analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be given a $0.28 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.24%. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. TD Securities cut their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. BMO Capital Markets increased their target price on shares of 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 target price for the company in a research note on Wednesday, May 7th. DA Davidson decreased their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $107.38.

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.