Two Sigma Investments LP Trims Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Two Sigma Investments LP lessened its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 31.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 208,593 shares of the building manufacturing company's stock after selling 96,016 shares during the quarter. Two Sigma Investments LP owned 0.30% of Louisiana-Pacific worth $21,600,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LPX. UMB Bank n.a. grew its holdings in Louisiana-Pacific by 98.8% during the fourth 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 period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Louisiana-Pacific during the fourth quarter valued at about $35,000. First Horizon Advisors Inc. grew its holdings in Louisiana-Pacific by 56.2% during 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 grew its holdings in Louisiana-Pacific by 1,184.9% during the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after purchasing an additional 865 shares during the period. Finally, Covestor Ltd grew its holdings in Louisiana-Pacific by 142.6% during the fourth 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 during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

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

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

Louisiana-Pacific Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.19%. Louisiana-Pacific's payout ratio is 19.65%.

Analyst Upgrades and Downgrades

LPX has been the subject of several recent research reports. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a report on Wednesday, May 7th. Truist Financial cut their price target on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. DA Davidson dropped their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. TD Securities dropped their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Finally, BMO Capital Markets upped their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $107.38.

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.