D. E. Shaw & Co. Inc. Sells 44,762 Shares of Louisiana-Pacific Co. (NYSE:LPX)

D. E. Shaw & Co. Inc. reduced its position in Louisiana-Pacific Co. (NYSE:LPX) by 24.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,983 shares of the building manufacturing company’s stock after selling 44,762 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.20% of Louisiana-Pacific worth $14,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Miracle Mile Advisors LLC increased its holdings in Louisiana-Pacific by 269.7% in the 4th quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company’s stock worth $4,318,000 after acquiring an additional 30,418 shares during the last quarter. Truist Financial Corp boosted its position in Louisiana-Pacific by 47.3% during the fourth quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company’s stock worth $1,010,000 after purchasing an additional 3,129 shares during the period. Symphony Financial Ltd. Co. purchased a new position in shares of Louisiana-Pacific in the fourth quarter worth about $259,000. Victory Capital Management Inc. raised its position in shares of Louisiana-Pacific by 23.8% in the fourth quarter. Victory Capital Management Inc. now owns 167,439 shares of the building manufacturing company’s stock valued at $17,338,000 after purchasing an additional 32,210 shares during the period. Finally, New York Life Investment Management LLC bought a new stake in shares of Louisiana-Pacific in the fourth quarter valued at approximately $699,000. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Trading Down 0.6%

Shares of LPX stock opened at $93.98 on Wednesday. The company has a market capitalization of $6.54 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a 52-week low of $78.82 and a 52-week high of $122.87. The business’s fifty day moving average is $88.97 and its 200 day moving average is $102.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $711.66 million. During the same quarter last year, the firm posted $1.53 EPS. The company’s revenue was up .0% compared to the same quarter last year. On average, equities research analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.19%. Louisiana-Pacific’s payout ratio is presently 19.65%.

Analysts Set New Price Targets

Several research analysts recently commented on LPX shares. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. TD Securities cut their price target on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, February 20th. DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Loop Capital upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Wednesday, May 7th. Finally, Truist Financial cut their target price on Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $107.38.

About Louisiana-Pacific

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.