Advisory Services Network LLC Grows Position in Louisiana-Pacific Co. (NYSE:LPX)

Advisory Services Network LLC boosted its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 365.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,544 shares of the building manufacturing company's stock after acquiring an additional 10,636 shares during the period. Advisory Services Network LLC's holdings in Louisiana-Pacific were worth $1,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LPX. UMB Bank n.a. increased its position in Louisiana-Pacific by 98.8% in the 4th 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. acquired a new stake in shares of Louisiana-Pacific in the 4th quarter valued at about $35,000. Versant Capital Management Inc raised its stake in Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after buying an additional 214 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Louisiana-Pacific by 65.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock worth $61,000 after acquiring an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after acquiring an additional 259 shares in 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 issued reports on LPX. Truist Financial lifted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, January 6th. BMO Capital Markets lifted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Loop Capital lowered 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. 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 research note on Thursday, February 20th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $111.50.

Louisiana-Pacific Stock Performance

LPX stock traded up $0.31 during midday trading on Friday, hitting $84.14. The company's stock had a trading volume of 394,270 shares, compared to its average volume of 746,941. Louisiana-Pacific Co. has a 1 year low of $71.39 and a 1 year high of $122.87. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.24 and a beta of 1.86. The stock's 50-day moving average price is $94.51 and its 200 day moving average price is $104.68. 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 posted its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. The business 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%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. On average, equities analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.28 dividend. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 annualized dividend and a yield of 1.33%. Louisiana-Pacific's dividend payout ratio is presently 19.05%.

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.