Louisiana-Pacific Co. (NYSE:LPX) Shares Acquired by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. boosted its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 1,736.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 891,351 shares of the building manufacturing company's stock after buying an additional 842,809 shares during the period. Alyeska Investment Group L.P. owned 1.27% of Louisiana-Pacific worth $92,299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. 59 North Capital Management LP grew its position in shares of Louisiana-Pacific by 13.4% during 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 in the last quarter. Pennington Partners & CO. LLC bought a new position in Louisiana-Pacific during the fourth quarter valued at $236,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Louisiana-Pacific by 56.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,783 shares of the building manufacturing company's stock worth $909,000 after buying an additional 3,162 shares in the last quarter. Palestra Capital Management LLC bought a new stake in shares of Louisiana-Pacific in the 4th quarter worth about $34,521,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Louisiana-Pacific during the 4th quarter valued at about $4,334,000. 94.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on LPX shares. BMO Capital Markets boosted their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. DA Davidson reduced their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Truist Financial decreased 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. Finally, Loop Capital reduced their price target on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $108.63.

Louisiana-Pacific Stock Performance

NYSE LPX traded up $0.10 on Monday, hitting $87.64. 1,216,210 shares of the company's stock traded hands, compared to its average volume of 736,271. The firm has a market capitalization of $6.11 billion, a PE ratio of 14.91, a P/E/G ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a 1-year low of $72.91 and a 1-year high of $122.87. The firm's 50-day moving average price is $89.62 and its two-hundred day moving average price is $103.00. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

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

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, February 27th. 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%.

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.