Louisiana-Pacific Co. (NYSE:LPX) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 86.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,407 shares of the building manufacturing company's stock after purchasing an additional 3,899 shares during the period. Tower Research Capital LLC TRC's holdings in Louisiana-Pacific were worth $871,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Miracle Mile Advisors LLC grew its position in Louisiana-Pacific by 269.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company's stock worth $4,318,000 after buying an additional 30,418 shares during the period. Truist Financial Corp boosted its stake in shares of Louisiana-Pacific by 47.3% during the 4th quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company's stock worth $1,010,000 after acquiring an additional 3,129 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new stake in shares of Louisiana-Pacific in the 4th quarter worth approximately $259,000. Victory Capital Management Inc. boosted its position in shares of Louisiana-Pacific by 23.8% in the 4th quarter. Victory Capital Management Inc. now owns 167,439 shares of the building manufacturing company's stock worth $17,338,000 after buying an additional 32,210 shares in the last quarter. Finally, New York Life Investment Management LLC acquired a new stake in Louisiana-Pacific in the 4th quarter valued at about $699,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Up 0.8 %

Shares of LPX stock traded up $0.67 during trading hours on Monday, reaching $87.20. The company had a trading volume of 426,723 shares, compared to its average volume of 734,030. The company has a market capitalization of $6.08 billion, a P/E ratio of 14.83, 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. Louisiana-Pacific Co. has a twelve month low of $72.06 and a twelve month high of $122.87. The stock's fifty day simple moving average is $90.90 and its 200 day simple moving average is $103.60.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (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 the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. Louisiana-Pacific's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. As a group, sell-side analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal 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 given a $0.28 dividend. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio is presently 19.05%.

Analyst Ratings Changes

LPX has been the subject of a number of recent research reports. Royal Bank of Canada reissued 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 cut their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. TD Securities reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets lifted their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Finally, Loop Capital reduced their target price on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Louisiana-Pacific presently has a consensus 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.