Strategy Asset Managers LLC Acquires Shares of 2,891 Louisiana-Pacific Co. (NYSE:LPX)

Strategy Asset Managers LLC acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,891 shares of the building manufacturing company's stock, valued at approximately $299,000.

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

Louisiana-Pacific Price Performance

LPX stock traded down $4.94 during mid-day trading on Thursday, reaching $88.75. 121,037 shares of the company traded hands, compared to its average volume of 662,887. The company has a fifty day moving average price of $102.52 and a 200-day moving average price of $106.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The company has a market capitalization of $6.19 billion, a P/E ratio of 15.09, a P/E/G ratio of 1.24 and a beta of 2.02. 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 posted its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million for 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% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. As a group, analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.26%. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LPX shares. BMO Capital Markets increased their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Loop Capital dropped their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a 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. DA Davidson dropped their price target 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. Finally, Truist Financial increased their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Louisiana-Pacific 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.