Raymond James Financial Inc. Makes New Investment in Louisiana-Pacific Co. (NYSE:LPX)

Raymond James Financial Inc. bought a new stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,165 shares of the building manufacturing company's stock, valued at approximately $3,020,000.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its position in Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific during the 4th quarter worth approximately $35,000. Versant Capital Management Inc boosted its holdings in Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after acquiring an additional 214 shares during the period. Harbor Capital Advisors Inc. grew its position in Louisiana-Pacific by 65.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after acquiring an additional 232 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake 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. Institutional investors own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. TD Securities decreased 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. Loop Capital dropped their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, February 24th. Truist Financial raised their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $111.50.

Louisiana-Pacific Stock Up 2.7 %

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

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $666.75 million. During the same period in the previous year, the company posted $0.71 earnings per share. The firm's revenue was up 3.5% on a year-over-year basis. As a group, equities analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.20%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is 19.05%.

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.