Marshall Wace LLP Trims Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Marshall Wace LLP reduced its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 50.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 505,207 shares of the building manufacturing company's stock after selling 509,097 shares during the quarter. Marshall Wace LLP owned about 0.72% of Louisiana-Pacific worth $52,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Miracle Mile Advisors LLC grew its position in Louisiana-Pacific by 269.7% in the 4th quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company's stock valued at $4,318,000 after acquiring an additional 30,418 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Louisiana-Pacific by 47.3% in the fourth quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company's stock worth $1,010,000 after purchasing an additional 3,129 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new position in Louisiana-Pacific in the 4th quarter worth about $259,000. Victory Capital Management Inc. lifted its holdings in Louisiana-Pacific by 23.8% during the 4th quarter. Victory Capital Management Inc. now owns 167,439 shares of the building manufacturing company's stock valued at $17,338,000 after buying an additional 32,210 shares in the last quarter. Finally, New York Life Investment Management LLC bought a new position in Louisiana-Pacific in the 4th quarter worth about $699,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock traded up $2.01 during trading hours on Wednesday, reaching $86.12. The stock had a trading volume of 108,374 shares, compared to its average volume of 739,572. Louisiana-Pacific Co. has a twelve month low of $72.06 and a twelve month 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. The firm 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 stock's 50 day moving average is $92.77 and its 200 day moving average is $104.17.

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 (EPS) for the quarter, beating 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 the consensus estimate of $666.75 million. During the same period last year, the firm posted $0.71 earnings per share. The company's revenue was up 3.5% compared to the same quarter last year. Equities analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a $0.28 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.30%. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.05%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LPX shares. BMO Capital Markets lifted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Loop Capital cut their price target 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 reissued an "outperform" rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, February 20th. DA Davidson reduced their target price on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, TD Securities cut their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $108.63.

About Louisiana-Pacific

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.