Louisiana-Pacific Co. (NYSE:LPX) Position Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in Louisiana-Pacific Co. (NYSE:LPX) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,930 shares of the building manufacturing company’s stock after selling 700 shares during the period. State of Alaska Department of Revenue’s holdings in Louisiana-Pacific were worth $490,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capula Management Ltd acquired a new stake in shares of Louisiana-Pacific during the third quarter worth $485,000. First Eagle Investment Management LLC raised its holdings in Louisiana-Pacific by 35.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 195,718 shares of the building manufacturing company’s stock worth $10,817,000 after buying an additional 51,461 shares during the period. Caxton Associates LP lifted its stake in Louisiana-Pacific by 222.1% during the third quarter. Caxton Associates LP now owns 14,656 shares of the building manufacturing company’s stock valued at $810,000 after buying an additional 10,106 shares in the last quarter. Teza Capital Management LLC acquired a new position in shares of Louisiana-Pacific in the third quarter worth about $288,000. Finally, Quadrature Capital Ltd increased its position in shares of Louisiana-Pacific by 500.9% in the third quarter. Quadrature Capital Ltd now owns 26,794 shares of the building manufacturing company’s stock worth $1,481,000 after acquiring an additional 22,335 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

LPX has been the subject of several research analyst reports. TD Securities upped their price target on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, February 15th. Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. TD Cowen reaffirmed a “hold” rating and issued a $75.00 target price on shares of Louisiana-Pacific in a research report on Thursday, January 11th. DA Davidson reissued a “buy” rating and set a $76.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. Finally, Truist Financial increased their price objective on Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.71.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $77.58, for a total transaction of $193,950.00. Following the transaction, the director now owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Trading Down 1.7 %

Louisiana-Pacific stock opened at $76.77 on Friday. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $84.54. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.55 billion, a P/E ratio of 31.33 and a beta of 1.84. The company’s fifty day simple moving average is $75.57 and its 200-day simple moving average is $66.61.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The firm had revenue of $658.00 million for the quarter, compared to the consensus estimate of $618.60 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Louisiana-Pacific Co. will post 3.85 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 42.45%.

Louisiana-Pacific Company 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.