Hanlon Investment Management Inc. Takes $1.17 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Hanlon Investment Management Inc. bought a new position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 11,271 shares of the building manufacturing company's stock, valued at approximately $1,167,000.

Several other large investors have also recently bought and sold shares of the company. Hanseatic Management Services Inc. raised its position in shares of Louisiana-Pacific by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock valued at $97,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Louisiana-Pacific by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock worth $1,802,000 after purchasing an additional 100 shares during the last quarter. Woodmont Investment Counsel LLC increased its position in shares of Louisiana-Pacific by 3.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock valued at $337,000 after purchasing an additional 100 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Louisiana-Pacific by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock valued at $228,000 after buying an additional 114 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in Louisiana-Pacific by 5.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company's stock worth $242,000 after buying an additional 124 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Stock Up 0.4 %

LPX stock traded up $0.31 during midday trading on Friday, hitting $84.14. The stock had a trading volume of 394,270 shares, compared to its average volume of 746,775. The business has a 50-day moving average of $94.51 and a two-hundred day moving average of $104.68. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific Co. has a 52-week low of $71.39 and a 52-week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to analysts' expectations of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. As a group, equities research analysts forecast 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 was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a $0.28 dividend. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.33%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.05%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. DA Davidson decreased their price target 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, February 20th. BMO Capital Markets lifted 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 report on Thursday, February 20th. 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. Truist Financial lifted their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, Loop Capital reduced their price target 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific has a consensus 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.