Advisory Services Network LLC Acquires 10,636 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Advisory Services Network LLC increased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 365.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,544 shares of the building manufacturing company's stock after purchasing an additional 10,636 shares during the quarter. Advisory Services Network LLC's holdings in Louisiana-Pacific were worth $1,402,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in shares of Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after buying an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Louisiana-Pacific during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc grew its stake in Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after purchasing an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Louisiana-Pacific by 65.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after purchasing an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Louisiana-Pacific by 56.2% during the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock worth $75,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Up 0.7 %

Shares of LPX stock opened at $86.20 on Friday. Louisiana-Pacific Co. has a 12-month low of $71.39 and a 12-month high of $122.87. The firm has a 50 day moving average price of $97.01 and a two-hundred day moving average price of $105.28. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.01 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86.

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Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business had revenue of $681.00 million during the quarter, compared to analysts' expectations of $666.75 million. During the same period last year, the firm posted $0.71 EPS. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors 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 is 19.05%.

Wall Street Analyst Weigh In

LPX has been the subject of several analyst reports. TD Securities decreased their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada reissued an "outperform" rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, February 20th. BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. DA Davidson cut their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, Truist Financial boosted their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $111.50.

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.

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