Caxton Associates LP Buys 6,659 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Caxton Associates LP raised its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 169.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,598 shares of the building manufacturing company’s stock after purchasing an additional 6,659 shares during the quarter. Caxton Associates LP’s holdings in Louisiana-Pacific were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Louisiana-Pacific by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company’s stock worth $733,961,000 after acquiring an additional 132,891 shares during the last quarter. FMR LLC lifted its stake in Louisiana-Pacific by 17.1% during the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company’s stock worth $384,031,000 after purchasing an additional 540,703 shares during the last quarter. 59 North Capital Management LP boosted its holdings in shares of Louisiana-Pacific by 13.4% in the 4th quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company’s stock worth $205,322,000 after purchasing an additional 235,069 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of Louisiana-Pacific by 1,736.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company’s stock valued at $92,299,000 after purchasing an additional 842,809 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Louisiana-Pacific by 27.1% during the 4th quarter. Northern Trust Corp now owns 781,984 shares of the building manufacturing company’s stock valued at $80,974,000 after buying an additional 166,594 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Trading Up 0.1 %

NYSE LPX opened at $87.64 on Tuesday. The stock has a market cap of $6.11 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a fifty-two week low of $72.91 and a fifty-two week high of $122.87. The stock has a 50 day simple moving average of $89.62 and a two-hundred day simple moving average of $103.00. 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 Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.28%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s payout ratio is currently 19.05%.

Analysts Set New Price Targets

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

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.