KLP Kapitalforvaltning AS Invests $1.62 Million in Louisiana-Pacific Co. (NYSE:LPX)

KLP Kapitalforvaltning AS acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,600 shares of the building manufacturing company's stock, valued at approximately $1,615,000.

A number of other hedge funds have also added to or reduced their stakes in LPX. Hanseatic Management Services Inc. boosted its holdings in shares of Louisiana-Pacific by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock valued at $97,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Louisiana-Pacific by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock worth $1,802,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc grew its position 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 worth $228,000 after buying an additional 114 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Louisiana-Pacific by 5.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company's stock valued at $242,000 after buying an additional 124 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in shares of Louisiana-Pacific by 7.1% in the fourth quarter. Sanctuary Advisors LLC now owns 1,862 shares of the building manufacturing company's stock valued at $193,000 after acquiring an additional 124 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Up 2.7 %

Shares of LPX stock traded up $2.49 during trading hours on Wednesday, reaching $93.67. 1,133,949 shares of the company's stock were exchanged, compared to its average volume of 759,323. Louisiana-Pacific Co. has a 1 year low of $71.39 and a 1 year high of $122.87. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.53 billion, a PE ratio of 15.93, a PEG ratio of 1.24 and a beta of 2.02. The stock's fifty day moving average price is $102.52 and its two-hundred day moving average price is $106.43.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results 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. 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 analyst estimates of $666.75 million. During the same quarter in the prior year, the business posted $0.71 EPS. Louisiana-Pacific's revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given 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 1.20%. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's payout ratio is currently 19.05%.

Wall Street Analyst Weigh In

A number of research firms have commented on LPX. Truist Financial raised their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. DA Davidson dropped 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. BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Finally, Loop Capital lowered their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently 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.