Polar Asset Management Partners Inc. Has $1.62 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Polar Asset Management Partners Inc. lessened its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,600 shares of the building manufacturing company's stock after selling 18,400 shares during the period. Polar Asset Management Partners Inc.'s holdings in Louisiana-Pacific were worth $1,615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LPX. Barclays PLC grew its holdings in Louisiana-Pacific by 20.0% during the third quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company's stock worth $3,877,000 after purchasing an additional 6,011 shares during the period. SG Americas Securities LLC increased its holdings in shares of Louisiana-Pacific by 240.9% during the 4th quarter. SG Americas Securities LLC now owns 20,265 shares of the building manufacturing company's stock worth $2,098,000 after acquiring an additional 14,320 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Louisiana-Pacific in the 4th quarter valued at $468,000. Blue Trust Inc. raised its stake in Louisiana-Pacific by 12.5% in the 4th quarter. Blue Trust Inc. now owns 2,155 shares of the building manufacturing company's stock valued at $232,000 after acquiring an additional 240 shares during the period. Finally, KBC Group NV lifted its holdings in Louisiana-Pacific by 4.8% during the 4th quarter. KBC Group NV now owns 8,131 shares of the building manufacturing company's stock valued at $842,000 after purchasing an additional 373 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LPX. DA Davidson dropped their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada increased 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. TD Securities reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. BMO Capital Markets lifted their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Finally, Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $107.38.

Louisiana-Pacific Price Performance

Shares of LPX traded up $0.68 during trading hours on Thursday, hitting $90.39. 466,880 shares of the company were exchanged, compared to its average volume of 709,074. 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 Co. has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.24 and a beta of 1.94. The firm's fifty day moving average is $89.17 and its 200 day moving average is $101.77.

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

Louisiana-Pacific Dividend Announcement

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

About Louisiana-Pacific

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.