Polar Asset Management Partners Inc. Sells 18,400 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Polar Asset Management Partners Inc. decreased its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 54.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,600 shares of the building manufacturing company's stock after selling 18,400 shares during the quarter. 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 large investors also recently modified their holdings of LPX. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Louisiana-Pacific during the 4th quarter valued at $35,000. First Horizon Advisors Inc. lifted its stake in shares of Louisiana-Pacific by 56.2% during the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after buying an additional 259 shares in the last quarter. GeoWealth Management LLC lifted its stake in shares of Louisiana-Pacific by 1,184.9% during the 4th 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. Covestor Ltd lifted its stake in shares of Louisiana-Pacific by 142.6% during the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock valued at $108,000 after buying an additional 613 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Louisiana-Pacific by 136.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,521 shares of the building manufacturing company's stock valued at $158,000 after buying an additional 879 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LPX. DA Davidson lowered their target price 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. TD Securities decreased 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. 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. Truist Financial decreased 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. Finally, Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $107.38.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock traded down $0.44 during trading hours on Friday, reaching $90.05. The company's stock had a trading volume of 728,668 shares, compared to its average volume of 705,067. The firm has a 50 day moving average price of $88.97 and a 200-day moving average price of $101.39. Louisiana-Pacific Co. has a one year low of $78.82 and a one year high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The stock has a market cap of $6.27 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share 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 previous year, the firm posted $1.53 EPS. The business's quarterly revenue was up .0% on a year-over-year basis. On average, analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be issued 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 (DPR) is presently 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.