XTX Topco Ltd Purchases New Stake in 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 bought a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,555 shares of the building manufacturing company's stock, valued at approximately $971,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Louisiana-Pacific by 17.1% in the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after purchasing an additional 540,703 shares in the last quarter. 59 North Capital Management LP grew its position 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 buying an additional 235,069 shares during the last quarter. Eminence Capital LP grew its position 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 buying an additional 102,897 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Louisiana-Pacific by 2.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,266,145 shares of the building manufacturing company's stock valued at $131,109,000 after buying an additional 24,285 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its position in shares of Louisiana-Pacific by 1,736.2% in the 4th 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 last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LPX has been the topic of a number of recent analyst reports. Truist Financial dropped their target price on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. 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 shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research report on Wednesday, May 7th. DA Davidson lowered their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Finally, Royal Bank Of Canada raised their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Louisiana-Pacific presently has an average rating of "Hold" and a consensus price target of $106.13.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded down $1.16 during midday trading on Thursday, hitting $92.08. The stock had a trading volume of 670,730 shares, compared to its average volume of 730,201. The company has a current ratio of 3.03, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Corporation has a 1 year low of $78.82 and a 1 year high of $122.87. The stock has a 50 day moving average price of $89.77 and a two-hundred day moving average price of $94.31. The company has a market capitalization of $6.41 billion, a PE ratio of 16.16, a P/E/G ratio of 1.62 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $751.15 million. During the same period in the previous year, the firm earned $2.09 earnings per share. Louisiana-Pacific's revenue was down 7.2% compared to the same quarter last year. As a group, equities 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 will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.12 annualized dividend and a yield of 1.2%. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of the company's stock in a transaction on 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 directly owned 18,838 shares of the company's stock, valued at $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.42% of the stock is owned by corporate insiders.

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.