4,211 Shares in Louisiana-Pacific Co. (NYSE:LPX) Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC bought a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,211 shares of the building manufacturing company's stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LPX. UMB Bank n.a. boosted its holdings in shares of Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after acquiring an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Louisiana-Pacific in the 4th quarter valued at about $35,000. Versant Capital Management Inc lifted its position in 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 purchasing an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Louisiana-Pacific by 65.0% during the 4th 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. grew its position in Louisiana-Pacific by 56.2% in the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock worth $75,000 after purchasing an additional 259 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LPX shares. TD Securities cut 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. BMO Capital Markets raised their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada lifted their price objective 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $107.38.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock traded up $3.38 during midday trading on Monday, hitting $93.99. The company's stock had a trading volume of 148,814 shares, compared to its average volume of 714,977. Louisiana-Pacific Co. has a 12 month low of $78.82 and a 12 month high of $122.87. The company has a market capitalization of $6.55 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. The stock's 50-day moving average price is $88.99 and its 200-day moving average price is $102.69. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21.

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

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.19%. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

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.