Gotham Asset Management LLC Sells 10,282 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Gotham Asset Management LLC cut its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,569 shares of the building manufacturing company's stock after selling 10,282 shares during the quarter. Gotham Asset Management LLC owned about 0.16% of Louisiana-Pacific worth $11,346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alyeska Investment Group L.P. grew its stake in shares of Louisiana-Pacific by 1,736.2% during 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 purchasing an additional 842,809 shares during the period. Norges Bank purchased a new stake in shares of Louisiana-Pacific in the fourth quarter worth about $78,181,000. FMR LLC increased its position in Louisiana-Pacific by 17.1% in the fourth 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 during the last quarter. Palestra Capital Management LLC purchased a new stake in Louisiana-Pacific during the fourth quarter valued at approximately $34,521,000. Finally, Principal Financial Group Inc. raised its holdings in Louisiana-Pacific by 215.0% during the 4th quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company's stock valued at $48,686,000 after buying an additional 320,912 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Truist Financial lowered their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada increased their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. DA Davidson reduced their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Louisiana-Pacific has an average rating of "Hold" and an average price target of $107.38.

Louisiana-Pacific Trading Up 0.8%

LPX stock traded up $0.78 on Thursday, hitting $93.48. 439,850 shares of the company were exchanged, compared to its average volume of 712,902. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. The business's fifty day moving average is $88.97 and its two-hundred day moving average is $102.51. Louisiana-Pacific Co. has a twelve month low of $78.82 and a twelve month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 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 analyst estimates of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 EPS. As a group, research analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio (DPR) is 19.65%.

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.