Point72 Hong Kong Ltd Invests $2.62 Million in Louisiana-Pacific Co. (NYSE:LPX)

Point72 Hong Kong Ltd purchased a new position in Louisiana-Pacific Co. (NYSE:LPX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,270 shares of the building manufacturing company’s stock, valued at approximately $2,617,000.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. raised 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 purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Louisiana-Pacific during the fourth quarter valued at $35,000. Harbor Capital Advisors Inc. increased its position in Louisiana-Pacific by 65.0% during the fourth 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. First Horizon Advisors Inc. increased its position in Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock valued at $75,000 after acquiring an additional 259 shares during the last quarter. Finally, Hanseatic Management Services Inc. increased its position in Louisiana-Pacific by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock valued at $97,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on LPX shares. BMO Capital Markets upped their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Truist Financial reduced their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Loop Capital upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Wednesday, May 7th. Royal Bank of Canada upped their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Finally, DA Davidson reduced their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and a consensus target price of $107.38.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $93.48 on Friday. The stock has a 50-day simple moving average of $89.05 and a two-hundred day simple moving average of $102.45. Louisiana-Pacific Co. has a 52-week low of $78.82 and a 52-week high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The firm has a market capitalization of $6.51 billion, a PE ratio of 15.90, a P/E/G ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. The firm had revenue of $724.00 million during the quarter, compared to analyst estimates of $711.66 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 earnings per share. Analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, May 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.65%.

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.