ExodusPoint Capital Management LP Invests $7.65 Million in Louisiana-Pacific Co. (NYSE:LPX)

ExodusPoint Capital Management LP bought a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 73,825 shares of the building manufacturing company’s stock, valued at approximately $7,645,000. ExodusPoint Capital Management LP owned approximately 0.11% of Louisiana-Pacific as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Louisiana-Pacific by 98.8% during 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Louisiana-Pacific during the 4th quarter worth $35,000. Versant Capital Management Inc lifted its position in Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in 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 acquiring an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Louisiana-Pacific by 56.2% during the fourth 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. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

LPX has been the subject of a number of research analyst reports. BMO Capital Markets upped their target price 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. DA Davidson lowered their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. TD Securities cut their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Truist Financial increased their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Loop Capital dropped their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $111.50.

Louisiana-Pacific Stock Down 1.3 %

Louisiana-Pacific stock opened at $86.08 on Friday. The stock’s 50 day moving average price is $101.38 and its 200 day moving average price is $106.21. The company has a market cap of $6.00 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific Co. has a 1-year low of $71.39 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. On average, sell-side analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.30%. Louisiana-Pacific’s payout ratio is 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.