Louisiana-Pacific Corporation (NYSE:LPX) Stock Holdings Trimmed by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 44.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,109 shares of the building manufacturing company's stock after selling 13,050 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Louisiana-Pacific were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Louisiana-Pacific by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock valued at $733,961,000 after buying an additional 132,891 shares during the period. FMR LLC grew its holdings in shares of Louisiana-Pacific by 17.1% during the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after buying an additional 540,703 shares during the last quarter. 59 North Capital Management LP raised its stake in shares of Louisiana-Pacific by 13.4% in the fourth quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company's stock worth $205,322,000 after purchasing an additional 235,069 shares during the last quarter. Eminence Capital LP raised its holdings in shares of Louisiana-Pacific by 7.7% during the fourth quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company's stock worth $149,641,000 after purchasing an additional 102,897 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in 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 worth $131,109,000 after purchasing an additional 24,285 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 1,179 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the completion of the sale, the director directly owned 18,838 shares of the company's stock, valued at $1,686,377.76. The trade was a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. DA Davidson reduced their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Truist Financial reduced 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. Royal Bank Of Canada raised their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Louisiana-Pacific from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $106.13.

Louisiana-Pacific Stock Up 1.6%

NYSE LPX traded up $1.38 on Friday, hitting $89.86. 453,134 shares of the stock were exchanged, compared to its average volume of 647,764. The company has a 50-day moving average price of $89.95 and a 200-day moving average price of $95.25. The company has a market cap of $6.25 billion, a PE ratio of 15.77, a PEG ratio of 1.54 and a beta of 1.84. Louisiana-Pacific Corporation has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. The company has a quick ratio of 1.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.21.

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

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, May 20th. Louisiana-Pacific's payout ratio is 19.65%.

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.