Quadrature Capital Ltd Invests $498,000 in Louisiana-Pacific Co. (NYSE:LPX)

Quadrature Capital Ltd acquired a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,707 shares of the building manufacturing company’s stock, valued at approximately $498,000.

A number of other large investors have also modified their holdings of LPX. Russell Investments Group Ltd. lifted its holdings in shares of Louisiana-Pacific by 18.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 309,334 shares of the building manufacturing company’s stock worth $15,815,000 after acquiring an additional 47,260 shares during the period. WINTON GROUP Ltd bought a new position in Louisiana-Pacific during the second quarter worth about $301,000. Abacus Planning Group Inc. acquired a new stake in Louisiana-Pacific during the third quarter valued at approximately $233,000. Bison Wealth LLC bought a new stake in shares of Louisiana-Pacific in the 3rd quarter valued at approximately $1,015,000. Finally, First Trust Advisors LP lifted its position in shares of Louisiana-Pacific by 2.9% during the 3rd quarter. First Trust Advisors LP now owns 3,614,296 shares of the building manufacturing company’s stock worth $185,015,000 after buying an additional 102,847 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lizanne C. Gottung sold 3,587 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $62.52, for a total value of $224,259.24. Following the transaction, the director now owns 27,470 shares in the company, valued at $1,717,424.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on LPX shares. DA Davidson cut Louisiana-Pacific from a “buy” rating to a “neutral” rating and lowered their price target for the company from $69.00 to $63.00 in a research report on Thursday, January 12th. Truist Financial dropped their target price on shares of Louisiana-Pacific from $49.00 to $47.00 and set a “hold” rating for the company in a research report on Monday, February 27th. Finally, TD Securities reduced their price target on shares of Louisiana-Pacific from $72.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, February 22nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $59.20.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $55.85 on Friday. Louisiana-Pacific Co. has a 12-month low of $48.20 and a 12-month high of $78.09. The stock has a 50-day simple moving average of $63.11 and a 200 day simple moving average of $59.34. The company has a quick ratio of 1.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 4.21 and a beta of 1.65.

Louisiana-Pacific (NYSE:LPX – Get Rating) last announced its earnings results on Tuesday, February 21st. The building manufacturing company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $705.00 million for the quarter, compared to analyst estimates of $695.37 million. Louisiana-Pacific had a net margin of 26.99% and a return on equity of 64.50%. Louisiana-Pacific’s quarterly revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.24 earnings per share. On average, research analysts anticipate that Louisiana-Pacific Co. will post 2.59 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.72%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 9th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 7.23%.

Louisiana-Pacific Profile

(Get Rating)

Louisiana-Pacific Corp. engages in the provision of building solutions. It operates through the following segments: Siding, Oriented Strand Board (OSB), South America, and Other. The Siding segment offers engineered wood siding under the brands of LP, SmartSide, Trim and Siding LP, SmartSide, ExpertFinish, Trim and Siding, LP BuilderSeries, Lap Siding, and Outdoor Building Solutions.