Caxton Associates LLP Acquires Shares of 11,025 Louisiana-Pacific Corporation $LPX

Caxton Associates LLP acquired a new stake in Louisiana-Pacific Corporation (NYSE:LPX) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,025 shares of the building manufacturing company’s stock, valued at approximately $1,014,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LPX. Ameriprise Financial Inc. grew its holdings in Louisiana-Pacific by 11.6% in the 4th quarter. Ameriprise Financial Inc. now owns 211,917 shares of the building manufacturing company’s stock valued at $21,944,000 after buying an additional 22,072 shares in the last quarter. Cetera Investment Advisers grew its holdings in Louisiana-Pacific by 202.3% in the 4th quarter. Cetera Investment Advisers now owns 28,603 shares of the building manufacturing company’s stock valued at $2,962,000 after buying an additional 19,140 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in Louisiana-Pacific by 26.2% in the 4th quarter. Ensign Peak Advisors Inc now owns 61,060 shares of the building manufacturing company’s stock valued at $6,323,000 after buying an additional 12,658 shares in the last quarter. Ethic Inc. grew its holdings in Louisiana-Pacific by 10.6% in the 4th quarter. Ethic Inc. now owns 3,257 shares of the building manufacturing company’s stock valued at $337,000 after buying an additional 313 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Louisiana-Pacific by 50.5% in the 4th quarter. Janus Henderson Group PLC now owns 113,623 shares of the building manufacturing company’s stock valued at $11,770,000 after buying an additional 38,101 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Shares of LPX stock opened at $95.33 on Thursday. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a twelve month low of $78.82 and a twelve month high of $122.87. The company has a market cap of $6.64 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.13 and a beta of 1.84. The business has a fifty day simple moving average of $93.22 and a 200 day simple moving average of $91.33.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The business had revenue of $755.00 million during the quarter, compared to the consensus estimate of $751.15 million. During the same period in the prior year, the company earned $2.09 EPS. Louisiana-Pacific’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, sell-side analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.28 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.12 annualized dividend and a yield of 1.2%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 26.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen lowered Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Truist Financial reduced their target price on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Finally, DA Davidson reduced their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, June 25th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Louisiana-Pacific presently has a consensus rating of “Hold” and an average target price of $106.13.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the transaction, the director directly owned 29,728 shares in the company, valued at approximately $3,002,528. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.42% of the company’s stock.

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.