Polar Asset Management Partners Inc. Has $1.62 Million Stake in Louisiana-Pacific Co. (NYSE:LPX)

Polar Asset Management Partners Inc. lowered its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 54.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,600 shares of the building manufacturing company's stock after selling 18,400 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Louisiana-Pacific were worth $1,615,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its holdings in shares of Louisiana-Pacific by 7.3% during the 4th quarter. ProShare Advisors LLC now owns 2,925 shares of the building manufacturing company's stock worth $303,000 after purchasing an additional 198 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Louisiana-Pacific in the 4th quarter valued at approximately $307,000. Malaga Cove Capital LLC acquired a new position in shares of Louisiana-Pacific in the 4th quarter valued at approximately $272,000. Nomura Holdings Inc. bought a new stake in shares of Louisiana-Pacific during the 4th quarter worth approximately $859,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Louisiana-Pacific during the 4th quarter worth approximately $317,000. Institutional investors own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LPX. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Wednesday, May 7th. TD Securities decreased their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada boosted their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. BMO Capital Markets raised 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. Finally, DA Davidson decreased their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $107.38.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $95.35 on Friday. The stock's 50-day moving average is $89.16 and its 200-day moving average is $102.44. Louisiana-Pacific Co. has a 1-year low of $78.82 and a 1-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. The stock has a market cap of $6.64 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its 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. The firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.53 EPS. Equities research analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.17%. Louisiana-Pacific's payout ratio is 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.

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