Occudo Quantitative Strategies LP Invests $317,000 in Louisiana-Pacific Co. (NYSE:LPX)

Occudo Quantitative Strategies LP bought a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,062 shares of the building manufacturing company's stock, valued at approximately $317,000.

A number of other institutional investors also recently bought and sold shares of LPX. UMB Bank n.a. raised its stake in Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Louisiana-Pacific in the 4th quarter valued at approximately $35,000. First Horizon Advisors Inc. raised its stake in shares of Louisiana-Pacific by 56.2% in the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after acquiring an additional 259 shares during the period. Hanseatic Management Services Inc. raised its stake in shares of Louisiana-Pacific by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock valued at $97,000 after acquiring an additional 100 shares during the period. Finally, GeoWealth Management LLC raised its stake in shares of Louisiana-Pacific by 1,184.9% in the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after acquiring an additional 865 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LPX shares. 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 research note on Wednesday, May 7th. Truist Financial reduced their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. 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. 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. Finally, TD Securities dropped their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Louisiana-Pacific currently has an average rating of "Hold" and an average price target of $107.38.

Louisiana-Pacific Stock Down 3.0%

Shares of NYSE LPX traded down $2.83 during mid-day trading on Tuesday, reaching $92.03. The company had a trading volume of 715,447 shares, compared to its average volume of 705,586. Louisiana-Pacific Co. has a 52-week low of $78.82 and a 52-week high of $122.87. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.40 billion, a P/E ratio of 15.65, a PEG ratio of 1.24 and a beta of 1.94. The firm has a 50 day simple moving average of $89.22 and a two-hundred day simple moving average of $102.45.

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

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, May 20th. Louisiana-Pacific's payout ratio 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.