AQR Capital Management LLC Has $18.35 Million Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

AQR Capital Management LLC increased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 215.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,910 shares of the building manufacturing company's stock after acquiring an additional 152,279 shares during the quarter. AQR Capital Management LLC owned about 0.31% of Louisiana-Pacific worth $18,352,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in Louisiana-Pacific by 48,193.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company's stock worth $13,616,000 after acquiring an additional 161,931 shares during the period. Russell Investments Group Ltd. increased its position in Louisiana-Pacific by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company's stock worth $18,045,000 after acquiring an additional 7,367 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Louisiana-Pacific by 83.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company's stock valued at $110,717,000 after buying an additional 712,671 shares during the period. Diversified Trust Co bought a new stake in Louisiana-Pacific in the 2nd quarter valued at $590,000. Finally, State Board of Administration of Florida Retirement System increased its holdings in Louisiana-Pacific by 16.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company's stock valued at $3,914,000 after buying an additional 6,533 shares during the period. Institutional investors own 94.73% of the company's stock.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares of the company's stock, valued at approximately $2,064,791.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now owns 29,008 shares of the company's stock, valued at approximately $2,787,668.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now directly owns 21,005 shares of the company's stock, valued at approximately $2,064,791.50. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock valued at $3,368,774 in the last quarter. 1.26% of the stock is currently owned by insiders.

Louisiana-Pacific Trading Up 0.8 %

Shares of LPX stock traded up $0.90 on Tuesday, reaching $108.36. The company had a trading volume of 617,241 shares, compared to its average volume of 864,745. The stock has a market cap of $7.77 billion, a PE ratio of 29.81, a PEG ratio of 4.95 and a beta of 1.88. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $109.73. The company has a 50-day moving average of $97.18 and a 200-day moving average of $88.40.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.86 by $0.23. The company had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The firm's revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities analysts forecast that Louisiana-Pacific Co. will post 5.04 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.96%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific's dividend payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LPX. BMO Capital Markets lowered shares of Louisiana-Pacific from an "outperform" rating to a "market perform" rating and set a $99.00 price target on the stock. in a report on Thursday, August 8th. StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a report on Friday, September 13th. Truist Financial reissued a "buy" rating and issued a $105.00 price target (up previously from $101.00) on shares of Louisiana-Pacific in a report on Thursday, August 8th. DA Davidson boosted their price target on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, June 14th. Finally, Bank of America upped their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $92.67.

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.