Louisiana-Pacific Co. (NYSE:LPX) Short Interest Update

Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 1,740,000 shares, a decrease of 17.9% from the March 15th total of 2,120,000 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average daily volume of 684,400 shares, the short-interest ratio is presently 2.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of Louisiana-Pacific by 20.0% in the 3rd quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company's stock valued at $3,877,000 after purchasing an additional 6,011 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Louisiana-Pacific in the 3rd quarter valued at about $201,000. Arvest Bank Trust Division acquired a new position in Louisiana-Pacific in the third quarter valued at about $1,000,000. Wilmington Savings Fund Society FSB purchased a new position in Louisiana-Pacific during the third quarter worth about $323,000. Finally, Tidal Investments LLC increased its position in shares of Louisiana-Pacific by 35.0% during the third quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company's stock valued at $3,076,000 after acquiring an additional 7,419 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LPX has been the subject of several analyst reports. DA Davidson decreased their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. TD Securities cut their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Loop Capital reduced their price target on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a report on Monday, February 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $125.00 target price on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Finally, Truist Financial cut their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $108.63.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded down $0.44 during mid-day trading on Friday, reaching $86.59. The company's stock had a trading volume of 257,510 shares, compared to its average volume of 737,785. The stock has a 50-day moving average of $91.71 and a two-hundred day moving average of $103.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The stock has a market capitalization of $6.03 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.24 and a beta of 1.86. Louisiana-Pacific has a 1-year low of $72.06 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same period last year, the company posted $0.71 EPS. The business's revenue was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.28 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.29%. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio is currently 19.05%.

About Louisiana-Pacific

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.