Sat Sep 28 17:17:06 UTC 2024: ## Point72 Asia Significantly Reduces Louisiana-Pacific Holdings, Other Investors Show Mixed Interest

**Singapore, Sep 28, 2024** – Point72 Asia Singapore Pte. Ltd., a prominent investment firm, slashed its position in Louisiana-Pacific Co. (NYSE: LPX) by a staggering 90.9% in the second quarter, according to filings with the Securities and Exchange Commission (SEC). The fund now holds only 1,682 shares of the building materials company, worth $139,000, after selling off 16,737 shares.

This significant reduction comes amidst a mixed bag of activity from other institutional investors. LifeSteps Financial Inc. and Fidelis Capital Partners LLC both acquired new stakes in Louisiana-Pacific during the first quarter, each valued at roughly $25,000. Whittier Trust Co. also joined the ranks of new investors, purchasing a stake worth $31,000 in the same period.

Bessemer Group Inc. displayed a strong interest in the company, increasing its stake by a whopping 258.5% in the first quarter, now owning 441 shares worth $37,000. Meanwhile, GAMMA Investing LLC raised its holdings by 57.3% during the second quarter, acquiring an additional 177 shares for a total of 486 shares worth $40,000.

Overall, hedge funds and other institutional investors own a significant 94.73% of Louisiana-Pacific’s stock.

**Louisiana-Pacific’s Performance and Recent Events:**

Louisiana-Pacific’s stock opened at $107.21 on Friday, with a 12-month low of $49.47 and a 12-month high of $108.50. The company’s dividend payout ratio stands at 28.57%, with a recent quarterly dividend of $0.26 paid on September 3rd.

Several directors have recently sold shares of the company, including Lizanne C. Gottung and Ozey K. Horton, Jr., raising questions about their outlook on the company’s future.

**Analyst Opinions on Louisiana-Pacific:**

Analyst opinions on Louisiana-Pacific remain divided. BMO Capital Markets downgraded the stock to “market perform” from “outperform,” setting a $99.00 price target. Conversely, Royal Bank of Canada raised its target price to $112.00 from $101.00, maintaining an “outperform” rating.

The consensus among analysts is currently “hold” with an average price target of $92.67.

**Louisiana-Pacific’s Business Operations:**

Louisiana-Pacific Corporation manufactures building solutions for new homes, repairs, renovations, and outdoor structures. Its segments include Siding, Oriented Strand Board, LP South America, and Others.

This recent activity by institutional investors highlights the diverse perspectives on Louisiana-Pacific’s future. Investors should carefully consider their own research and analysis before making any investment decisions.

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