Louisiana-Pacific Co. (NYSE:LPX) Stock Position Increased by Southernsun Asset Management LLC

Southernsun Asset Management LLC lifted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,363 shares of the building manufacturing company's stock after buying an additional 5,457 shares during the period. Louisiana-Pacific makes up 6.2% of Southernsun Asset Management LLC's portfolio, making the stock its 5th biggest position. Southernsun Asset Management LLC owned about 0.69% of Louisiana-Pacific worth $50,156,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in shares of Louisiana-Pacific by 98.8% in 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 period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Louisiana-Pacific during the 4th quarter valued at about $35,000. Versant Capital Management Inc boosted its holdings in shares of Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after buying an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Louisiana-Pacific by 65.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after buying an additional 232 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in 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 currently owned by institutional investors.

Louisiana-Pacific Price Performance

Shares of LPX stock traded down $0.44 during mid-day trading on Friday, hitting $86.59. The company had a trading volume of 257,510 shares, compared to its average volume of 735,699. The company has a market capitalization of $6.03 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.24 and a beta of 1.86. The stock's 50 day moving average price is $91.19 and its 200-day moving average price is $103.75. Louisiana-Pacific Co. has a 52-week low of $72.06 and a 52-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.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data 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 business had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business's revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. Equities research analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current 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. 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. This represents a $1.12 dividend on an annualized basis and a yield of 1.29%. Louisiana-Pacific's payout ratio is presently 19.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LPX shares. Truist Financial cut their price objective on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research report on Tuesday. TD Securities reduced their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. DA Davidson lowered their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, BMO Capital Markets lifted their price target 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. Two equities 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. According to MarketBeat.com, Louisiana-Pacific currently has an average rating of "Hold" and a consensus price target of $108.63.

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.