Aristeia Capital L.L.C. Sells 301 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Aristeia Capital L.L.C. reduced its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,370 shares of the building manufacturing company’s stock after selling 301 shares during the quarter. Aristeia Capital L.L.C.’s holdings in Louisiana-Pacific were worth $453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LPX. UMB Bank n.a. grew its holdings in Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after acquiring an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth $35,000. Versant Capital Management Inc increased its holdings in Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after purchasing an additional 214 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Louisiana-Pacific by 65.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock valued at $61,000 after purchasing an additional 232 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Louisiana-Pacific by 56.2% during the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock worth $75,000 after buying an additional 259 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial lowered their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. BMO Capital Markets boosted their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. DA Davidson decreased their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. TD Securities lowered their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Finally, Loop Capital cut their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $108.63.

Louisiana-Pacific Trading Up 1.2 %

LPX opened at $87.52 on Friday. The company has a fifty day moving average price of $89.86 and a two-hundred day moving average price of $103.14. Louisiana-Pacific Co. has a 1-year low of $72.91 and a 1-year high of $122.87. The company has a market cap of $6.10 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. 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) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. Analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.28 dividend. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.05%.

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.