Arrowstreet Capital Limited Partnership Has $67.78 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Arrowstreet Capital Limited Partnership decreased its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,589 shares of the building manufacturing company's stock after selling 88,072 shares during the period. Arrowstreet Capital Limited Partnership owned 0.93% of Louisiana-Pacific worth $67,783,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Louisiana-Pacific by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock worth $733,961,000 after buying an additional 132,891 shares in the last quarter. State Street Corp grew its holdings in Louisiana-Pacific by 10.8% during the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock worth $231,529,000 after acquiring an additional 210,113 shares during the period. Norges Bank bought a new stake in Louisiana-Pacific in the fourth quarter worth about $78,181,000. Bank of New York Mellon Corp lifted its holdings in Louisiana-Pacific by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company's stock valued at $63,554,000 after acquiring an additional 19,772 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in shares of Louisiana-Pacific by 65.7% during the 3rd quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company's stock valued at $55,500,000 after purchasing an additional 204,828 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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Louisiana-Pacific Stock Down 1.3 %

Shares of LPX stock traded down $1.13 on Friday, reaching $86.08. 987,744 shares of the company's stock traded hands, compared to its average volume of 757,972. The business's 50 day moving average price is $101.38 and its two-hundred day moving average price is $106.21. The company has a market capitalization of $6.00 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. 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 12-month low of $71.39 and a 12-month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its 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. The company 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 EPS. On average, equities 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a $0.28 dividend. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.30%. Louisiana-Pacific's dividend payout ratio is presently 19.05%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Loop Capital dropped their target price on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 24th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday, February 20th. TD Securities reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets boosted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Finally, DA Davidson decreased 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.