Aristeia Capital L.L.C. Sells 301 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Aristeia Capital L.L.C. decreased its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,370 shares of the building manufacturing company’s stock after selling 301 shares during the period. Aristeia Capital L.L.C.’s holdings in Louisiana-Pacific were worth $453,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. UMB Bank n.a. lifted its stake in shares of Louisiana-Pacific by 98.8% during the 4th 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Louisiana-Pacific during the fourth quarter worth approximately $35,000. Versant Capital Management Inc boosted its holdings 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 worth $36,000 after acquiring an additional 214 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Louisiana-Pacific by 65.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock valued at $61,000 after purchasing an additional 232 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Louisiana-Pacific by 56.2% during the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock worth $75,000 after purchasing an additional 259 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. DA Davidson decreased their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. BMO Capital Markets raised their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. Loop Capital cut their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Finally, Truist Financial cut their price target on Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $108.63.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX opened at $87.52 on Friday. Louisiana-Pacific Co. has a 1 year low of $72.91 and a 1 year high of $122.87. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The company’s 50 day simple moving average is $89.86 and its 200 day simple moving average is $103.14.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results 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 return on equity of 25.35% and a net margin of 14.31%. The company had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same quarter last year, the company posted $0.71 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.28 dividend. 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 1.28%. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 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.