O Shaughnessy Asset Management LLC Raises Stake in Louisiana-Pacific Co. (NYSE:LPX)

O Shaughnessy Asset Management LLC lifted its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 52.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,434 shares of the building manufacturing company's stock after purchasing an additional 5,284 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Louisiana-Pacific were worth $1,598,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LPX. Dorsey Wright & Associates purchased a new position in Louisiana-Pacific during the fourth quarter worth about $7,330,000. RWA Wealth Partners LLC lifted its position in shares of Louisiana-Pacific by 19.9% during the fourth quarter. RWA Wealth Partners LLC now owns 3,621 shares of the building manufacturing company's stock worth $375,000 after purchasing an additional 600 shares in the last quarter. Strategy Asset Managers LLC acquired a new stake in shares of Louisiana-Pacific during the fourth quarter worth about $299,000. New Age Alpha Advisors LLC acquired a new stake in Louisiana-Pacific in the fourth quarter valued at approximately $1,696,000. Finally, Norges Bank acquired a new stake in Louisiana-Pacific in the fourth quarter valued at approximately $78,181,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

LPX stock traded down $3.82 during trading on Thursday, hitting $85.86. The stock had a trading volume of 91,138 shares, compared to its average volume of 755,534. The company's 50 day moving average price is $98.27 and its two-hundred day moving average price is $105.56. Louisiana-Pacific Co. has a 1-year low of $71.39 and a 1-year high of $122.87. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 14.62, 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 quick ratio of 1.69 and a current ratio of 2.86.

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Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.79 by $0.24. The company 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 revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. On average, sell-side analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently declared 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 boost 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 annualized dividend and a yield of 1.30%. Louisiana-Pacific's payout ratio is 19.05%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. Loop Capital lowered their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, February 24th. DA Davidson lowered their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. TD Securities reduced their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Finally, Truist Financial raised their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.