LPL Financial LLC Purchases 37,856 Shares of Louisiana-Pacific Co. (NYSE:LPX)

LPL Financial LLC boosted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 148.6% in the fourth quarter, Holdings Channel reports. The firm owned 63,329 shares of the building manufacturing company’s stock after purchasing an additional 37,856 shares during the quarter. LPL Financial LLC’s holdings in Louisiana-Pacific were worth $6,558,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. boosted its holdings 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 stake in shares of Louisiana-Pacific during the 4th quarter valued at $35,000. Versant Capital Management Inc lifted its stake in Louisiana-Pacific by 158.5% in the fourth 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. grew its holdings 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 purchasing an additional 232 shares during the period. 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on LPX. BMO Capital Markets boosted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Loop Capital reduced their target price on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 24th. Truist Financial increased their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. TD Securities lowered their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Finally, 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific has a consensus rating of “Hold” and an average price target of $111.50.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $86.08 on Monday. The firm has a market cap of $6.00 billion, a PE ratio of 14.64, a price-to-earnings-growth 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. The firm’s fifty day moving average is $101.38 and its 200-day moving average is $106.28. 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 (NYSE:LPX) last issued its quarterly earnings results 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 firm had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share. Sell-side analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, February 27th. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.30%. 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.