Renaissance Technologies LLC Sells 46,686 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Renaissance Technologies LLC decreased its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 388,200 shares of the building manufacturing company's stock after selling 46,686 shares during the quarter. Renaissance Technologies LLC owned 0.55% of Louisiana-Pacific worth $40,198,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LPX. HighTower Advisors LLC boosted its position in shares of Louisiana-Pacific by 303.3% during the 3rd quarter. HighTower Advisors LLC now owns 35,430 shares of the building manufacturing company's stock worth $3,812,000 after acquiring an additional 26,644 shares in the last quarter. State Street Corp lifted its position in shares of Louisiana-Pacific by 10.8% during 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 last quarter. National Bank of Canada FI boosted its stake in Louisiana-Pacific by 2,916.8% in the third quarter. National Bank of Canada FI now owns 18,523 shares of the building manufacturing company's stock valued at $1,990,000 after buying an additional 17,909 shares in the last quarter. Barclays PLC grew its position in Louisiana-Pacific by 20.0% in the third quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company's stock valued at $3,877,000 after acquiring an additional 6,011 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in Louisiana-Pacific during the third quarter worth about $262,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

LPX has been the topic of a number of research analyst reports. Truist Financial raised their target price 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. 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. BMO Capital Markets upped their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Loop Capital cut their price target on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, February 24th. Finally, DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific currently has an average rating of "Hold" and a consensus target price of $111.50.

Louisiana-Pacific Trading Down 1.3 %

Shares of LPX stock traded down $1.16 during mid-day trading on Tuesday, hitting $85.61. The company's stock had a trading volume of 229,997 shares, compared to its average volume of 751,943. The company has a market cap of $5.97 billion, a PE ratio of 14.56, a P/E/G ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a 52 week low of $71.39 and a 52 week high of $122.87. The company's fifty day simple moving average is $96.39 and its 200-day simple moving average is $105.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. The business 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 firm's revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. As a group, equities research analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

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

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.