Louisiana-Pacific Co. (NYSE:LPX) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 23.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,439 shares of the building manufacturing company's stock after purchasing an additional 32,210 shares during the period. Victory Capital Management Inc. owned approximately 0.24% of Louisiana-Pacific worth $17,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LPX. Steward Partners Investment Advisory LLC increased its stake in Louisiana-Pacific by 136.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,521 shares of the building manufacturing company's stock valued at $158,000 after buying an additional 879 shares during the period. New York Life Investment Management LLC bought a new position in shares of Louisiana-Pacific in the fourth quarter valued at approximately $699,000. Bank of New York Mellon Corp increased its stake in shares of Louisiana-Pacific by 3.3% during the fourth quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company's stock valued at $63,554,000 after acquiring an additional 19,772 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Louisiana-Pacific during the fourth quarter worth approximately $3,019,000. Finally, First Horizon Advisors Inc. lifted its position in Louisiana-Pacific by 56.2% in the fourth 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LPX. BMO Capital Markets lifted their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Loop Capital lowered their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 24th. DA Davidson cut their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. TD Securities reduced 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, Truist Financial boosted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Louisiana-Pacific presently has a consensus rating of "Hold" and an average target price of $111.50.

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Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $89.56 on Wednesday. The firm's 50 day simple moving average is $108.27 and its 200-day simple moving average is $106.85. Louisiana-Pacific Co. has a fifty-two week low of $71.39 and a fifty-two week high of $122.87. 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 company has a market cap of $6.24 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02.

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 for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the prior year, the company earned $0.71 EPS. The firm's quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts predict 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 will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio (DPR) is 19.05%.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now owns 18,513 shares of the company's stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is currently owned by corporate insiders.

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.

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