Global Endowment Management LP Takes $1.84 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Global Endowment Management LP acquired a new position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,724 shares of the building manufacturing company's stock, valued at approximately $1,835,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of Louisiana-Pacific by 20.0% in the third quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company's stock valued at $3,877,000 after acquiring an additional 6,011 shares during the period. M&T Bank Corp acquired a new stake in shares of Louisiana-Pacific in the third quarter worth $262,000. Sanctuary Advisors LLC acquired a new position in shares of Louisiana-Pacific in the third quarter worth about $201,000. Arvest Bank Trust Division purchased a new position in shares of Louisiana-Pacific in the third quarter valued at approximately $1,000,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Louisiana-Pacific during the 3rd quarter valued at about $323,000. 94.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank of Canada reissued an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, February 20th. DA Davidson reduced their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Loop Capital reduced their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, February 24th. TD Securities dropped 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, Truist Financial increased their target price 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $111.50.

Louisiana-Pacific Trading Up 2.8 %

LPX traded up $2.33 during trading on Tuesday, hitting $84.69. The company's stock had a trading volume of 71,304 shares, compared to its average volume of 740,809. Louisiana-Pacific Co. has a twelve month low of $71.95 and a twelve month high of $122.87. The stock's fifty day moving average price is $93.34 and its 200-day moving average price is $104.31. 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 firm has a market capitalization of $5.90 billion, a P/E ratio of 14.35, a PEG ratio of 1.24 and a beta of 1.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) 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 analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business's revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.32%. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is currently 19.05%.

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.