PDT Partners LLC Reduces Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

PDT Partners LLC cut its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,815 shares of the building manufacturing company's stock after selling 9,524 shares during the period. PDT Partners LLC's holdings in Louisiana-Pacific were worth $3,605,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. UMB Bank n.a. lifted its stake in shares of Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Louisiana-Pacific in the 4th quarter worth about $35,000. Versant Capital Management Inc lifted its holdings in shares of Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after purchasing an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Louisiana-Pacific by 65.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock worth $61,000 after acquiring an additional 232 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Louisiana-Pacific by 56.2% in the fourth 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 in the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Up 1.2 %

LPX stock traded up $1.00 during midday trading on Friday, reaching $87.52. The company's stock had a trading volume of 735,823 shares, compared to its average volume of 734,220. 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 fifty day simple moving average of $89.86 and a two-hundred day simple moving average of $103.14. Louisiana-Pacific Co. has a 1 year low of $72.91 and a 1 year high of $122.87. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 1.24 and a beta of 1.86.

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

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's payout ratio is presently 19.05%.

Analyst Ratings Changes

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

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.