BI Asset Management Fondsmaeglerselskab A S Boosts Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 58.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,498 shares of the building manufacturing company's stock after purchasing an additional 21,516 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.08% of Louisiana-Pacific worth $6,057,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. First Trust Advisors LP lifted its stake in shares of Louisiana-Pacific by 28.4% during the 4th quarter. First Trust Advisors LP now owns 293,822 shares of the building manufacturing company's stock valued at $30,425,000 after buying an additional 65,040 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of Louisiana-Pacific by 1,184.9% in the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after acquiring an additional 865 shares in the last quarter. Greenhaven Road Investment Management L.P. boosted its stake in shares of Louisiana-Pacific by 7.4% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 151,617 shares of the building manufacturing company's stock worth $15,700,000 after acquiring an additional 10,500 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Louisiana-Pacific by 17.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 58,669 shares of the building manufacturing company's stock worth $6,074,000 after purchasing an additional 8,540 shares in the last quarter. Finally, Global Endowment Management LP bought a new stake in Louisiana-Pacific during the 4th quarter valued at approximately $1,835,000. 94.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LPX has been the subject of several recent analyst reports. TD Securities dropped their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. DA Davidson cut their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Loop Capital decreased their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, February 24th. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Finally, Truist Financial decreased their target price on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $108.63.

Louisiana-Pacific Trading Up 0.5 %

LPX stock traded up $0.44 during midday trading on Wednesday, reaching $84.55. 633,308 shares of the company traded hands, compared to its average volume of 742,114. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a 52-week low of $72.06 and a 52-week high of $122.87. The business has a 50 day moving average of $92.21 and a 200-day moving average of $104.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86.

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, topping 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 during the quarter, compared to the consensus estimate of $666.75 million. During the same period last year, the company earned $0.71 earnings per share. Louisiana-Pacific's revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.28 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.12 annualized dividend and a yield of 1.32%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.05%.

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.