Point72 Asset Management L.P. Purchases 305,021 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Point72 Asset Management L.P. lifted its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 430.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 375,900 shares of the building manufacturing company's stock after purchasing an additional 305,021 shares during the quarter. Point72 Asset Management L.P. owned 0.54% of Louisiana-Pacific worth $38,924,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Coldstream Capital Management Inc. lifted its position in Louisiana-Pacific by 2.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock valued at $383,000 after purchasing an additional 95 shares during the period. Hanseatic Management Services Inc. raised its holdings in Louisiana-Pacific by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock worth $97,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System raised its holdings in Louisiana-Pacific by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock worth $1,802,000 after buying an additional 100 shares during the period. Woodmont Investment Counsel LLC lifted its holdings in shares of Louisiana-Pacific by 3.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock valued at $337,000 after purchasing an additional 100 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Louisiana-Pacific by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock worth $228,000 after buying an additional 114 shares during the period. Institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LPX. DA Davidson dropped their target price on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research report on Wednesday, May 7th. Truist Financial decreased their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, BMO Capital Markets lifted their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $107.38.

Louisiana-Pacific Stock Performance

Shares of LPX traded down $2.83 during midday trading on Tuesday, reaching $92.03. The stock had a trading volume of 715,447 shares, compared to its average volume of 705,001. The firm has a market cap of $6.40 billion, a PE ratio of 15.65, a P/E/G ratio of 1.24 and a beta of 1.94. The firm has a 50 day simple moving average of $89.28 and a 200-day simple moving average of $102.38. Louisiana-Pacific Co. has a one year low of $78.82 and a one year 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.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $711.66 million. During the same quarter in the previous year, the business earned $1.53 earnings per share. The business's revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

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