Bridgewater Associates LP Reduces Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Bridgewater Associates LP lowered its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 60.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,805 shares of the building manufacturing company's stock after selling 24,115 shares during the quarter. Bridgewater Associates LP's holdings in Louisiana-Pacific were worth $1,637,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its position in shares of Louisiana-Pacific by 20.0% during the 3rd quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company's stock worth $3,877,000 after purchasing an additional 6,011 shares in the last quarter. M&T Bank Corp bought a new position in Louisiana-Pacific in the third quarter worth approximately $262,000. Sanctuary Advisors LLC acquired a new stake in Louisiana-Pacific in the third quarter valued at approximately $201,000. Arvest Bank Trust Division bought a new stake in shares of Louisiana-Pacific during the third quarter valued at approximately $1,000,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Louisiana-Pacific during the third quarter worth approximately $323,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of LPX traded down $1.82 on Monday, reaching $82.38. 298,160 shares of the company's stock traded hands, compared to its average volume of 743,436. The stock's 50 day simple moving average is $93.34 and its two-hundred day simple moving average is $104.31. The stock has a market cap of $5.74 billion, a PE ratio of 14.01, a PEG ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a 52-week low of $71.95 and a 52-week high of $122.87. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million during the quarter, compared to analyst estimates 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 was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.71 EPS. On average, analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal 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 paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.36%. 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 payout ratio is presently 19.05%.

Analyst Ratings Changes

LPX has been the subject of a number of recent research reports. Loop Capital decreased their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, February 24th. TD Securities lowered their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Truist Financial lifted their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, January 6th. DA Davidson lowered their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, BMO Capital Markets lifted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $111.50.

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.