Abacus FCF Advisors LLC Takes $700,000 Position in Louisiana-Pacific Co. (NYSE:LPX)

Abacus FCF Advisors LLC bought a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,761 shares of the building manufacturing company's stock, valued at approximately $700,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Louisiana-Pacific by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock worth $733,961,000 after acquiring an additional 132,891 shares during the period. FMR LLC increased its position in shares of Louisiana-Pacific by 17.1% in the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock worth $384,031,000 after purchasing an additional 540,703 shares during the period. State Street Corp raised its stake in Louisiana-Pacific by 10.8% in the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock valued at $231,529,000 after purchasing an additional 210,113 shares in the last quarter. Norges Bank bought a new position in shares of Louisiana-Pacific in the 4th quarter valued at $78,181,000. Finally, Bank of New York Mellon Corp grew its position in Louisiana-Pacific by 3.3% in the fourth quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company's stock valued at $63,554,000 after acquiring an additional 19,772 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Down 0.4 %

Shares of Louisiana-Pacific stock traded down $0.34 on Monday, hitting $86.04. 101,660 shares of the company's stock traded hands, compared to its average volume of 669,847. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The company has a fifty day moving average of $97.01 and a two-hundred day moving average of $105.27. 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 one year low of $71.39 and a one year high of $122.87.

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Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.24. The company had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. Louisiana-Pacific's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. As a group, sell-side analysts expect that Louisiana-Pacific Co. 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 Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.28 dividend. The ex-dividend date was Thursday, February 27th. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.30%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 19.05%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LPX. Truist Financial increased their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, January 6th. BMO Capital Markets raised their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. DA Davidson cut their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Loop Capital lowered their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, February 24th. Two investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $111.50.

About Louisiana-Pacific

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.