8,405 Shares in Louisiana-Pacific Co. (NYSE:LPX) Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC bought a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,405 shares of the building manufacturing company's stock, valued at approximately $870,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LPX. CWM LLC grew its position in shares of Louisiana-Pacific by 4.3% during the 3rd quarter. CWM LLC now owns 2,376 shares of the building manufacturing company's stock valued at $255,000 after acquiring an additional 97 shares during the period. Private Advisor Group LLC grew its position in shares of Louisiana-Pacific by 4.8% during the 3rd quarter. Private Advisor Group LLC now owns 10,843 shares of the building manufacturing company's stock valued at $1,165,000 after acquiring an additional 493 shares during the period. International Assets Investment Management LLC boosted its holdings in Louisiana-Pacific by 10,646.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,634 shares of the building manufacturing company's stock worth $7,483,000 after buying an additional 68,986 shares during the period. Riverwater Partners LLC boosted its holdings in Louisiana-Pacific by 2.6% in the 3rd quarter. Riverwater Partners LLC now owns 10,025 shares of the building manufacturing company's stock worth $1,082,000 after buying an additional 252 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Louisiana-Pacific in the 3rd quarter worth approximately $256,000. 94.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LPX shares. TD Securities cut their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday. Royal Bank of Canada reiterated an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday. Truist Financial increased their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. DA Davidson lowered their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, BMO Capital Markets increased their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $108.00.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now owns 18,513 shares in the company, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is owned by corporate insiders.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock traded down $2.11 on Friday, hitting $98.78. 995,005 shares of the company traded hands, compared to its average volume of 647,669. The firm's 50-day simple moving average is $110.24 and its 200 day simple moving average is $106.49. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The company has a market cap of $6.88 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.24 and a beta of 1.95. Louisiana-Pacific Co. has a 12-month low of $67.47 and a 12-month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted 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 firm had revenue of $681.00 million for the quarter, compared to analysts' expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. Analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, February 27th. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio (DPR) is presently 17.69%.

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.