Graham Capital Management L.P. Grows Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Graham Capital Management L.P. increased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 206.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,298 shares of the building manufacturing company's stock after buying an additional 25,120 shares during the period. Graham Capital Management L.P. owned about 0.05% of Louisiana-Pacific worth $3,862,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Ethic Inc. increased its stake in shares of Louisiana-Pacific by 10.6% in the fourth quarter. Ethic Inc. now owns 3,257 shares of the building manufacturing company's stock worth $337,000 after purchasing an additional 313 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in shares of Louisiana-Pacific by 26.2% in the fourth quarter. Ensign Peak Advisors Inc now owns 61,060 shares of the building manufacturing company's stock valued at $6,323,000 after acquiring an additional 12,658 shares during the period. Eminence Capital LP boosted its position in shares of Louisiana-Pacific by 7.7% in the fourth quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company's stock valued at $149,641,000 after acquiring an additional 102,897 shares during the period. Concentric Capital Strategies LP bought a new position in shares of Louisiana-Pacific in the fourth quarter valued at approximately $2,796,000. Finally, Concorde Financial Corp boosted its position in shares of Louisiana-Pacific by 1.1% in the fourth quarter. Concorde Financial Corp now owns 34,540 shares of the building manufacturing company's stock valued at $3,577,000 after acquiring an additional 364 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

LPX has been the subject of several research analyst reports. Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Wednesday, May 7th. DA Davidson dropped 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 report on Thursday, February 20th. Royal Bank of Canada lifted their target price 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. BMO Capital Markets boosted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Finally, Truist Financial cut their price objective on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $107.38.

Louisiana-Pacific Trading Down 1.0%

Shares of NYSE LPX traded down $0.97 during mid-day trading on Wednesday, hitting $92.97. The stock had a trading volume of 754,453 shares, compared to its average volume of 713,994. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. Louisiana-Pacific Co. has a 1 year low of $78.82 and a 1 year high of $122.87. The business has a 50 day moving average price of $88.97 and a two-hundred day moving average price of $102.51. The firm has a market cap of $6.47 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. The business had revenue of $724.00 million for the quarter, compared to the consensus estimate of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.53 EPS. On average, equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, May 20th. Louisiana-Pacific's payout ratio is currently 19.65%.

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.