Paradiem LLC Lowers Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Paradiem LLC reduced its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,901 shares of the building manufacturing company’s stock after selling 2,160 shares during the period. Paradiem LLC owned about 0.08% of Louisiana-Pacific worth $4,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Arizona State Retirement System raised its stake in shares of Louisiana-Pacific by 1.4% in the third quarter. Arizona State Retirement System now owns 18,461 shares of the building manufacturing company’s stock valued at $1,020,000 after acquiring an additional 255 shares in the last quarter. Invst LLC raised its stake in shares of Louisiana-Pacific by 3.2% in the third quarter. Invst LLC now owns 13,160 shares of the building manufacturing company’s stock valued at $727,000 after acquiring an additional 407 shares in the last quarter. Signaturefd LLC raised its stake in shares of Louisiana-Pacific by 232.9% in the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock valued at $56,000 after acquiring an additional 552 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Louisiana-Pacific in the third quarter valued at $37,000. Finally, EMC Capital Management raised its stake in shares of Louisiana-Pacific by 14.1% in the third quarter. EMC Capital Management now owns 6,386 shares of the building manufacturing company’s stock valued at $353,000 after acquiring an additional 788 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the transaction, the director now owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial raised their price target on Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. TD Cowen restated a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a research note on Thursday, January 11th. TheStreet cut Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. Royal Bank of Canada raised their price target on Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, DA Davidson restated a “buy” rating and issued a $76.00 price target on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Louisiana-Pacific currently has an average rating of “Hold” and a consensus target price of $73.71.

Louisiana-Pacific Stock Performance

Shares of LPX traded down $0.25 during midday trading on Friday, reaching $74.57. 844,088 shares of the stock were exchanged, compared to its average volume of 868,888. The business’s 50-day moving average price is $76.62 and its 200 day moving average price is $68.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. Louisiana-Pacific Co. has a twelve month low of $49.47 and a twelve month high of $84.54. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 30.44 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $618.60 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. On average, sell-side analysts expect that Louisiana-Pacific Co. will post 4.89 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 42.45%.

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.