New Age Alpha Advisors LLC Makes New Investment in Louisiana-Pacific Co. (NYSE:LPX)

New Age Alpha Advisors LLC acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,380 shares of the building manufacturing company's stock, valued at approximately $1,696,000.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after acquiring an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Louisiana-Pacific in the 4th quarter worth about $35,000. Versant Capital Management Inc grew its position in Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake 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 purchasing an additional 232 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after buying an additional 259 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Louisiana-Pacific Price Performance

Shares of NYSE:LPX traded down $1.13 during trading hours on Friday, hitting $86.08. 987,744 shares of the company's stock traded hands, compared to its average volume of 758,397. The company's fifty day simple moving average is $101.38 and its two-hundred day simple moving average is $106.21. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. 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 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 issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. The firm had revenue of $681.00 million during the quarter, compared to analysts' expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. As a group, equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, February 27th. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.30%. Louisiana-Pacific's payout ratio is 19.05%.

Analyst Ratings Changes

LPX has been the topic of several analyst reports. 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 research report on Monday, February 24th. Royal Bank of Canada restated an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Truist Financial upped their price objective 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. DA Davidson lowered their target price 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. Finally, TD Securities reduced their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $111.50.

About Louisiana-Pacific

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.