Trexquant Investment LP Purchases New Position in Louisiana-Pacific Corporation $LPX

Key Points

• Trexquant Investment LP has acquired a new stake in Louisiana-Pacific Corporation valued at approximately $6.46 million, representing about 0.10% ownership.
• Research analysts have varied opinions on the stock, with Loop Capital upgrading it to a "buy" with a $110.00 price target, while Wall Street Zen downgraded it to a "sell."
• The company recently declared a quarterly dividend of $0.28 per share, translating to an annualized yield of 1.2% and a payout ratio of 26.42%.

Trexquant Investment LP purchased a new stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 70,216 shares of the building manufacturing company's stock, valued at approximately $6,458,000. Trexquant Investment LP owned approximately 0.10% of Louisiana-Pacific as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Alyeska Investment Group L.P. grew its position in Louisiana-Pacific by 1,736.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock worth $92,299,000 after acquiring an additional 842,809 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Louisiana-Pacific by 252.2% in the first quarter. Allianz Asset Management GmbH now owns 682,164 shares of the building manufacturing company's stock valued at $62,746,000 after buying an additional 488,458 shares during the period. Point72 Asset Management L.P. lifted its holdings in Louisiana-Pacific by 430.3% during the fourth quarter. Point72 Asset Management L.P. now owns 375,900 shares of the building manufacturing company's stock worth $38,924,000 after acquiring an additional 305,021 shares in the last quarter. Nuveen LLC bought a new position in Louisiana-Pacific during the first quarter worth about $25,409,000. Finally, Invesco Ltd. raised its stake in shares of Louisiana-Pacific by 103.2% in the 1st quarter. Invesco Ltd. now owns 527,801 shares of the building manufacturing company's stock valued at $48,547,000 after purchasing an additional 268,053 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LPX has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Royal Bank Of Canada upped their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. 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 dropped their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Finally, Truist Financial decreased their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $106.13.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded up $2.80 during trading hours on Thursday, hitting $95.83. 497,171 shares of the company were exchanged, compared to its average volume of 749,269. The firm has a fifty day simple moving average of $92.41 and a 200 day simple moving average of $91.60. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week high of $122.87. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.12 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. The business had revenue of $755.00 million during the quarter, compared to analyst estimates of $751.15 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. Louisiana-Pacific's revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 EPS. Research analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Louisiana-Pacific's dividend payout ratio is presently 26.42%.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total value of $105,544.08. Following the sale, the director owned 18,838 shares in the company, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ozey K. Horton, Jr. sold 500 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the sale, the director owned 29,728 shares in the company, valued at approximately $3,002,528. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

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.