160,795 Shares in Louisiana-Pacific Corporation $LPX Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new stake in Louisiana-Pacific Corporation (NYSE:LPX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 160,795 shares of the building manufacturing company’s stock, valued at approximately $14,285,000.

Other hedge funds have also recently made changes to their positions in the company. Eminence Capital LP grew its holdings in shares of Louisiana-Pacific by 7.9% during the third quarter. Eminence Capital LP now owns 3,115,959 shares of the building manufacturing company’s stock worth $276,822,000 after purchasing an additional 228,521 shares during the last quarter. 59 North Capital Management LP raised its holdings in Louisiana-Pacific by 7.2% in the 2nd quarter. 59 North Capital Management LP now owns 2,808,369 shares of the building manufacturing company’s stock valued at $241,492,000 after buying an additional 189,726 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Louisiana-Pacific by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,549,853 shares of the building manufacturing company’s stock valued at $137,666,000 after buying an additional 28,535 shares during the last quarter. Boston Partners acquired a new stake in Louisiana-Pacific during the 3rd quarter worth approximately $100,770,000. Finally, Invesco Ltd. boosted its position in Louisiana-Pacific by 94.8% during the 2nd quarter. Invesco Ltd. now owns 1,028,250 shares of the building manufacturing company’s stock worth $88,419,000 after buying an additional 500,449 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Louisiana-Pacific

In other news, Director F Nicholas Grasberger III purchased 20,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were acquired at an average price of $85.49 per share, with a total value of $1,709,800.00. Following the completion of the transaction, the director owned 38,954 shares of the company’s stock, valued at $3,330,177.46. The trade was a 105.52% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William Bradley Southern sold 55,346 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $91.66, for a total value of $5,073,014.36. Following the sale, the chief executive officer owned 503,381 shares of the company’s stock, valued at approximately $46,139,902.46. The trade was a 9.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 113,310 shares of company stock worth $10,235,781 over the last quarter. Company insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

LPX has been the subject of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Friday, March 27th. DA Davidson cut their price target 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. Barclays boosted their price objective on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Royal Bank Of Canada restated an “outperform” rating and issued a $104.00 price objective on shares of Louisiana-Pacific in a report on Wednesday, February 18th. Finally, Zacks Research lowered Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.83.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $70.85 on Friday. The company has a market capitalization of $4.95 billion, a PE ratio of 33.90, a P/E/G ratio of 0.88 and a beta of 1.78. The company has a 50 day simple moving average of $82.23 and a two-hundred day simple moving average of $84.35. 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 issued its quarterly earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The firm had revenue of $567.00 million for the quarter, compared to the consensus estimate of $589.96 million. During the same quarter in the previous year, the company earned $1.03 EPS. The company’s revenue for the quarter was down 16.7% on a year-over-year basis. Research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $0.30 dividend. The ex-dividend date was Friday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 1.7%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 53.59%.

Louisiana-Pacific 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.