Marshall Wace LLP Sells 509,097 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Marshall Wace LLP reduced its stake in Louisiana-Pacific Co. (NYSE:LPX) by 50.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 505,207 shares of the building manufacturing company’s stock after selling 509,097 shares during the quarter. Marshall Wace LLP’s holdings in Louisiana-Pacific were worth $52,314,000 at the end of the most recent reporting period.

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

Louisiana-Pacific Trading Up 0.4 %

Shares of LPX opened at $84.14 on Friday. 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 Co. has a 52-week low of $71.39 and a 52-week high of $122.87. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.24 and a beta of 1.86. The business’s fifty day moving average is $95.12 and its 200-day moving average is $104.84.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 earnings per share. Equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed 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. This represents a $1.12 dividend on an annualized basis and a yield of 1.33%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is currently 19.05%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LPX shares. Truist Financial raised their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Loop Capital reduced their price target on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 24th. BMO Capital Markets lifted their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Finally, TD Securities reduced their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $111.50.

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.