Strategy Asset Managers LLC Takes $299,000 Position in Louisiana-Pacific Co. (NYSE:LPX)

Strategy Asset Managers LLC purchased a new position in Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, HoldingsChannel reports. The firm purchased 2,891 shares of the building manufacturing company’s stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Hanseatic Management Services Inc. increased its holdings in shares of Louisiana-Pacific by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock worth $97,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its stake in Louisiana-Pacific by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock valued at $1,802,000 after purchasing an additional 100 shares during the period. Woodmont Investment Counsel LLC grew its position in Louisiana-Pacific by 3.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock worth $337,000 after purchasing an additional 100 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Louisiana-Pacific by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock valued at $228,000 after purchasing an additional 114 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Louisiana-Pacific by 5.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company’s stock valued at $242,000 after buying an additional 124 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LPX. Royal Bank of Canada restated an “outperform” rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research report on Thursday, February 20th. TD Securities lowered their price target on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. DA Davidson reduced their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Truist Financial raised their target price 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. Finally, BMO Capital Markets upped their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $111.50.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $91.67 on Friday. Louisiana-Pacific Co. has a one year low of $71.39 and a one year high of $122.87. The company has a 50-day moving average of $103.96 and a two-hundred day moving average of $106.50. 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 stock has a market cap of $6.39 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share 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 analysts’ expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. On average, equities research analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm 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 1.22%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s payout ratio is presently 19.05%.

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.