Bamco Inc. NY Purchases 61,421 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Bamco Inc. NY lifted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 11.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 577,893 shares of the building manufacturing company's stock after acquiring an additional 61,421 shares during the quarter. Bamco Inc. NY owned approximately 0.82% of Louisiana-Pacific worth $59,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LPX. Alyeska Investment Group L.P. raised its holdings in Louisiana-Pacific by 1,736.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock valued at $92,299,000 after acquiring an additional 842,809 shares in the last quarter. Norges Bank bought a new stake in Louisiana-Pacific during the 4th quarter worth approximately $78,181,000. FMR LLC increased its stake in shares of Louisiana-Pacific by 17.1% in the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after buying an additional 540,703 shares during the period. Palestra Capital Management LLC acquired a new stake in shares of Louisiana-Pacific during the fourth quarter worth $34,521,000. Finally, Principal Financial Group Inc. increased its holdings in Louisiana-Pacific by 215.0% in the fourth quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company's stock worth $48,686,000 after purchasing an additional 320,912 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. DA Davidson cut their target price on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Loop Capital dropped their price target on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, February 24th. Truist Financial cut their price objective on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada restated an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, TD Securities reduced their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Louisiana-Pacific currently has a consensus rating of "Hold" and a consensus target price of $108.63.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $87.52 on Friday. 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 Co. has a 12-month low of $72.91 and a 12-month high of $122.87. The company has a 50-day simple moving average of $89.86 and a two-hundred day simple moving average of $103.13. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. On average, equities analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS 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 issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, February 27th. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's payout ratio is 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.

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