CenterBook Partners LP Purchases 16,633 Shares of Louisiana-Pacific Co. (NYSE:LPX)

CenterBook Partners LP increased its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 115.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,997 shares of the building manufacturing company's stock after purchasing an additional 16,633 shares during the period. CenterBook Partners LP's holdings in Louisiana-Pacific were worth $3,210,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Louisiana-Pacific by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock valued at $733,961,000 after purchasing an additional 132,891 shares in the last quarter. FMR LLC boosted its holdings in shares of Louisiana-Pacific by 17.1% during the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after buying an additional 540,703 shares in the last quarter. State Street Corp grew its position in shares of Louisiana-Pacific by 10.8% in the 3rd quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock worth $231,529,000 after buying an additional 210,113 shares during the period. Norges Bank bought a new position in shares of Louisiana-Pacific in the 4th quarter worth about $78,181,000. Finally, Bank of New York Mellon Corp lifted its position in Louisiana-Pacific by 3.3% during 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 period. Hedge funds and other institutional investors own 94.73% of the company's stock.

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Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock traded down $0.61 on Tuesday, hitting $86.16. 115,719 shares of the company's stock were exchanged, compared to its average volume of 751,028. The stock has a market capitalization of $6.00 billion, a PE ratio of 14.65, a PEG ratio of 1.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The company has a 50-day simple moving average of $96.39 and a 200-day simple moving average of $105.12. Louisiana-Pacific Co. has a 1 year low of $71.39 and a 1 year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share 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 quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. As a group, equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.28 dividend. The ex-dividend date was Thursday, February 27th. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.30%. Louisiana-Pacific's payout ratio is currently 19.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LPX shares. TD Securities cut their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets lifted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. DA Davidson reduced their price target on shares of 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 lowered their price objective 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. Finally, Truist Financial upped their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific currently 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.