Point72 Hong Kong Ltd Takes $2.62 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Point72 Hong Kong Ltd acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 25,270 shares of the building manufacturing company's stock, valued at approximately $2,617,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. 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 worth $383,000 after acquiring an additional 95 shares during the last quarter. Hanseatic Management Services Inc. lifted its position 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 acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its position 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 acquiring an additional 100 shares during the last quarter. Woodmont Investment Counsel LLC lifted its position in Louisiana-Pacific by 3.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock worth $337,000 after acquiring an additional 100 shares during the last quarter. Finally, CIBC Asset Management Inc raised 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 valued at $228,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on LPX. Truist Financial lowered their target price 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 increased their target price 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. Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Wednesday, May 7th. TD Securities lowered their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Finally, Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $107.38.

Louisiana-Pacific Stock Up 0.7%

NYSE LPX traded up $0.69 on Wednesday, hitting $92.78. 334,679 shares of the company were exchanged, compared to its average volume of 703,814. Louisiana-Pacific Co. has a 12 month low of $78.82 and a 12 month high of $122.87. The company has a market cap of $6.46 billion, a PE ratio of 15.81, a PEG ratio of 1.24 and a beta of 1.94. The stock has a fifty day moving average of $89.28 and a 200-day moving average of $102.38. 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 Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $711.66 million. During the same period last year, the firm earned $1.53 earnings per share. The business's quarterly revenue was up .0% compared to the same quarter last year. As a group, analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

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. The ex-dividend date is Tuesday, May 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.21%. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

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.