3,786 Shares in Louisiana-Pacific Co. (NYSE:LPX) Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,786 shares of the building manufacturing company's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. UMB Bank n.a. lifted its holdings 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 acquiring an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Louisiana-Pacific during the fourth quarter worth about $35,000. Versant Capital Management Inc raised its holdings in shares of Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after buying an additional 214 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company's stock valued at $50,000 after buying an additional 201 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Louisiana-Pacific by 65.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock worth $61,000 after buying an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

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Louisiana-Pacific Trading Down 0.6 %

Shares of LPX stock traded down $0.56 during trading hours on Friday, reaching $92.84. The company's stock had a trading volume of 1,060,629 shares, compared to its average volume of 679,550. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a one year low of $71.39 and a one year high of $122.87. The stock has a market capitalization of $6.47 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.24 and a beta of 2.02. The firm's fifty day simple moving average is $105.99 and its 200 day simple moving average is $106.42.

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, beating the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million for the quarter, compared to analysts' expectations of $666.75 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.21%. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's payout ratio is currently 19.05%.

Analyst Upgrades and Downgrades

Several research analysts have commented on LPX shares. BMO Capital Markets lifted their price target 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, February 20th. Truist Financial lifted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Royal Bank of Canada restated an "outperform" rating and set a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. TD Securities decreased their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Finally, DA Davidson decreased 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific has an average rating of "Hold" and an average target price 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.