Redwood Investment Management LLC Buys New Position in Louisiana-Pacific Co. (NYSE:LPX)

Redwood Investment Management LLC bought a new position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 13,780 shares of the building manufacturing company's stock, valued at approximately $1,427,000.

Several other hedge funds have also recently made changes to their positions in LPX. Coldstream Capital Management Inc. lifted its stake in shares of Louisiana-Pacific by 2.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock valued at $383,000 after purchasing an additional 95 shares during the last quarter. Hanseatic Management Services Inc. boosted its stake in shares of Louisiana-Pacific by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock worth $97,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System raised its position in Louisiana-Pacific by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock worth $1,802,000 after purchasing an additional 100 shares during the period. Woodmont Investment Counsel LLC lifted its stake in Louisiana-Pacific by 3.2% in the fourth 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. Finally, CIBC Asset Management Inc grew its stake in shares of Louisiana-Pacific by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock valued at $228,000 after buying an additional 114 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Down 0.7%

NYSE:LPX traded down $0.63 during trading hours on Monday, reaching $94.85. The company's stock had a trading volume of 636,255 shares, compared to its average volume of 705,547. The stock has a 50 day moving average price of $89.22 and a two-hundred day moving average price of $102.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The company has a market capitalization of $6.60 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a 12 month low of $78.82 and a 12 month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm had revenue of $724.00 million during the quarter, compared to analysts' expectations of $711.66 million. During the same period in the prior year, the business posted $1.53 EPS. The firm's quarterly revenue was up .0% on a year-over-year basis. Equities analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. Louisiana-Pacific's payout ratio is 19.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Truist Financial dropped their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. 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. Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. TD Securities dropped their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. Finally, Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $107.38.

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.