XTX Topco Ltd Acquires Shares of 10,555 Louisiana-Pacific Corporation (NYSE:LPX)

Key Points

• XTX Topco Ltd acquired 10,555 shares of Louisiana-Pacific Corporation valued at approximately $971,000, as reported in its recent Form 13F filing.
• Notable hedge fund activity includes FMR LLC boosting its position by 17.1% and Alyeska Investment Group increasing its stake by 1,736.2% in the fourth quarter.
• Louisiana-Pacific recently declared a quarterly dividend of $0.28 per share, representing an annualized yield of 1.2%, and has a payout ratio of 19.65%.

XTX Topco Ltd acquired a new stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,555 shares of the building manufacturing company's stock, valued at approximately $971,000.

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its position in Louisiana-Pacific by 17.1% in the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock worth $384,031,000 after purchasing an additional 540,703 shares in the last quarter. 59 North Capital Management LP lifted its stake in shares of Louisiana-Pacific by 13.4% in the 4th quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company's stock valued at $205,322,000 after purchasing an additional 235,069 shares during the period. Eminence Capital LP lifted its stake in shares of Louisiana-Pacific by 7.7% in the 4th quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company's stock valued at $149,641,000 after purchasing an additional 102,897 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Louisiana-Pacific by 2.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,266,145 shares of the building manufacturing company's stock worth $131,109,000 after buying an additional 24,285 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its position in Louisiana-Pacific by 1,736.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock valued at $92,299,000 after buying an additional 842,809 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $90.38 on Friday. The stock has a market capitalization of $6.29 billion, a P/E ratio of 15.86, a PEG ratio of 1.55 and a beta of 1.80. The business has a 50 day simple moving average of $89.71 and a two-hundred day simple moving average of $94.62. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.03 and a quick ratio of 1.59.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. The firm had revenue of $724.00 million during the quarter, compared to the consensus estimate of $711.66 million. During the same period in the prior year, the company earned $1.53 EPS. The firm's revenue was up .0% compared to the same quarter last year. As a group, analysts predict that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. Louisiana-Pacific's payout ratio is presently 19.65%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LPX shares. Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday. 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. DA Davidson lowered their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Royal Bank Of Canada boosted their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Truist Financial decreased their target price on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of "Hold" and an average target price of $106.13.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of the 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 completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company's stock.

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.

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