Greenhaven Road Investment Management L.P. Has $15.70 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Greenhaven Road Investment Management L.P. raised its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,617 shares of the building manufacturing company's stock after acquiring an additional 10,500 shares during the quarter. Louisiana-Pacific makes up 2.5% of Greenhaven Road Investment Management L.P.'s investment portfolio, making the stock its 6th largest position. Greenhaven Road Investment Management L.P. owned 0.22% of Louisiana-Pacific worth $15,700,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. boosted its position in shares of Louisiana-Pacific by 98.8% in 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 Louisiana-Pacific during the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its position 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 purchasing an additional 214 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of 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 acquiring an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Louisiana-Pacific by 56.2% in 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 period. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Trading Up 1.0 %

NYSE:LPX traded up $0.85 during mid-day trading on Wednesday, hitting $84.96. 239,366 shares of the stock traded hands, compared to its average volume of 740,261. 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's 50 day moving average is $92.77 and its two-hundred day moving average is $104.17. Louisiana-Pacific Co. has a 52 week low of $72.06 and a 52 week high of $122.87. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 1.24 and a beta of 1.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping 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 company had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same quarter last year, the firm posted $0.71 EPS. The firm's revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid 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 1.32%. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio (DPR) is currently 19.05%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LPX shares. TD Securities reduced their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Loop Capital decreased their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, February 24th. Royal Bank of Canada restated an "outperform" rating and set a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday, February 20th. DA Davidson lowered their target price on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, Truist Financial reduced their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $108.63.

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.