Woodline Partners LP Takes Position in Louisiana-Pacific Co. (NYSE:LPX)

Woodline Partners LP acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 183,860 shares of the building manufacturing company's stock, valued at approximately $19,039,000. Woodline Partners LP owned about 0.26% of Louisiana-Pacific at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after acquiring an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Louisiana-Pacific in the fourth quarter valued at about $35,000. First Horizon Advisors Inc. grew its stake in shares of 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 acquiring an additional 259 shares in the last quarter. GeoWealth Management LLC grew 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 acquiring an additional 865 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Louisiana-Pacific by 142.6% in the fourth quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock valued at $108,000 after acquiring an additional 613 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock traded up $1.30 during trading hours on Tuesday, reaching $93.94. 99,048 shares of the stock were exchanged, compared to its average volume of 678,774. The company has a market cap of $6.54 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a twelve month low of $78.82 and a twelve month high of $122.87. The stock has a 50 day moving average of $89.21 and a two-hundred day moving average of $101.91.

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. The firm had revenue of $724.00 million for 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 for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 earnings per share. Equities analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.19%. Louisiana-Pacific's payout ratio is currently 19.65%.

Analysts Set New Price Targets

LPX has been the topic of several research reports. 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 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. 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. Finally, DA Davidson reduced 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 note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $107.38.

Louisiana-Pacific Company 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.