73,825 Shares in Louisiana-Pacific Co. (NYSE:LPX) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 73,825 shares of the building manufacturing company's stock, valued at approximately $7,645,000. ExodusPoint Capital Management LP owned approximately 0.11% of Louisiana-Pacific at the end of the most recent reporting period.

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

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Analysts Set New Price Targets

A number of research analysts recently weighed in on LPX shares. Royal Bank of Canada restated an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Loop Capital cut their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a report on Monday, February 24th. BMO Capital Markets increased their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Truist Financial upped their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, DA Davidson dropped their price objective 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $111.50.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded down $4.20 during mid-day trading on Thursday, reaching $85.48. The company's stock had a trading volume of 159,303 shares, compared to its average volume of 755,941. The firm has a market capitalization of $5.96 billion, a PE ratio of 14.58, a P/E/G ratio of 1.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific Co. has a 52 week low of $71.39 and a 52 week high of $122.87. The stock has a fifty day moving average of $98.27 and a two-hundred day moving average of $105.56.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping 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 company earned $0.71 EPS. The business's quarterly revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.31%. Louisiana-Pacific's payout ratio is 19.05%.

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.