Gotham Asset Management LLC Lowers Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Gotham Asset Management LLC reduced its position in Louisiana-Pacific Co. (NYSE:LPX) by 8.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,569 shares of the building manufacturing company’s stock after selling 10,282 shares during the quarter. Gotham Asset Management LLC owned 0.16% of Louisiana-Pacific worth $11,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Coldstream Capital Management Inc. grew its holdings in Louisiana-Pacific by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company’s stock worth $383,000 after purchasing an additional 95 shares during the period. Hanseatic Management Services Inc. increased 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 valued at $97,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Louisiana-Pacific by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock valued at $1,802,000 after buying an additional 100 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in Louisiana-Pacific by 3.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock valued at $337,000 after buying an additional 100 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Louisiana-Pacific by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock worth $228,000 after acquiring an additional 114 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LPX has been the topic of a number of analyst reports. Royal Bank of Canada upped their price target on shares of 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 boosted their price objective 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. TD Securities cut their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. DA Davidson reduced their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Truist Financial lowered their price target on Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. 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 stock. According to MarketBeat, Louisiana-Pacific presently has a consensus rating of “Hold” and a consensus price target of $107.38.

Louisiana-Pacific Price Performance

NYSE LPX opened at $90.66 on Monday. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $6.32 billion, a P/E ratio of 15.42, a PEG ratio of 1.24 and a beta of 1.94. The company has a 50-day moving average price of $88.99 and a 200-day moving average price of $102.69. Louisiana-Pacific Co. has a 52 week low of $78.82 and a 52 week high of $122.87.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. The firm had revenue of $724.00 million during the quarter, compared to the consensus estimate 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 quarter 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. Stockholders of record on Tuesday, May 20th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, May 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.65%.

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.