Fox Run Management L.L.C. Takes Position in Louisiana-Pacific Co. (NYSE:LPX)

Fox Run Management L.L.C. bought a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,231 shares of the building manufacturing company's stock, valued at approximately $335,000.

Several other institutional investors have also recently bought and sold shares of LPX. UMB Bank n.a. increased its position in 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 purchasing an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific during the fourth quarter worth $35,000. Versant Capital Management Inc increased its holdings in shares of Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after buying an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Louisiana-Pacific by 65.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after acquiring an additional 232 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings 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 valued at $75,000 after acquiring an additional 259 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have commented on the company. Loop Capital dropped their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, February 24th. Truist Financial raised their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a report on Monday, January 6th. BMO Capital Markets increased their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Two 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $111.50.

Louisiana-Pacific Stock Down 1.9 %

Shares of NYSE:LPX traded down $1.82 during trading on Friday, reaching $91.67. 303,979 shares of the stock were exchanged, compared to its average volume of 758,552. Louisiana-Pacific Co. has a 1-year low of $71.39 and a 1-year high of $122.87. The stock has a fifty day moving average of $103.96 and a two-hundred day moving average of $106.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02.

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, topping the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business's revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share. Research analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.22%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's payout ratio is 19.05%.

Louisiana-Pacific Company 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.