Tudor Investment Corp ET AL Takes $14.29 Million Position in Louisiana-Pacific Corporation $LPX

Tudor Investment Corp ET AL bought a new stake in Louisiana-Pacific Corporation (NYSE:LPX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 160,795 shares of the building manufacturing company’s stock, valued at approximately $14,285,000.

Other institutional investors have also added to or reduced their stakes in the company. North Ridge Wealth Advisors Inc. acquired a new stake in Louisiana-Pacific in the second quarter valued at approximately $26,000. Versant Capital Management Inc raised its position in shares of Louisiana-Pacific by 34.3% during the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock worth $44,000 after purchasing an additional 127 shares during the period. Larson Financial Group LLC raised its position in shares of Louisiana-Pacific by 291.2% during the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock worth $48,000 after purchasing an additional 399 shares during the period. Danske Bank A S bought a new position in shares of Louisiana-Pacific in the 3rd quarter worth $80,000. Finally, State of Wyoming bought a new position in shares of Louisiana-Pacific in the 3rd quarter worth $82,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director F Nicholas Grasberger III acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average price of $85.49 per share, for a total transaction of $1,709,800.00. Following the completion of the purchase, the director owned 38,954 shares in the company, valued at approximately $3,330,177.46. This trade represents a 105.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William Bradley Southern sold 14,166 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $89.29, for a total value of $1,264,882.14. Following the completion of the transaction, the chief executive officer owned 461,719 shares in the company, valued at approximately $41,226,889.51. The trade was a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 113,310 shares of company stock valued at $10,235,781. 1.42% of the stock is owned by company insiders.

Louisiana-Pacific Price Performance

LPX opened at $70.12 on Friday. The firm has a market cap of $4.90 billion, a P/E ratio of 33.55 and a beta of 1.78. The firm has a 50-day moving average of $86.24 and a 200 day moving average of $86.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.53 and a current ratio of 2.78. Louisiana-Pacific Corporation has a fifty-two week low of $69.63 and a fifty-two week high of $102.86.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $567.00 million for the quarter, compared to analyst estimates of $589.96 million. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The company’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, research analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, February 27th. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.28. Louisiana-Pacific’s dividend payout ratio (DPR) is 53.59%.

Analysts Set New Price Targets

A number of brokerages have commented on LPX. Truist Financial boosted their price target on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $104.00 price objective on shares of Louisiana-Pacific in a research note on Wednesday, February 18th. Barclays lifted their price objective on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Oppenheimer reissued an “outperform” rating on shares of Louisiana-Pacific in a research report on Tuesday, March 3rd. Finally, DA Davidson lowered their target price on shares of Louisiana-Pacific from $117.00 to $114.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $105.83.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.