Concentric Capital Strategies LP Takes $2.80 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Concentric Capital Strategies LP bought a new position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,005 shares of the building manufacturing company's stock, valued at approximately $2,796,000.

Several other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its holdings 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 worth $383,000 after acquiring an additional 95 shares during the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of Louisiana-Pacific by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock worth $97,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of 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 acquiring an additional 100 shares during the last quarter. Woodmont Investment Counsel LLC lifted its holdings in shares of Louisiana-Pacific by 3.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock worth $337,000 after acquiring an additional 100 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Louisiana-Pacific by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock worth $228,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Down 0.5%

NYSE:LPX traded down $0.51 during mid-day trading on Tuesday, reaching $93.99. The company's stock had a trading volume of 173,518 shares, compared to its average volume of 714,602. Louisiana-Pacific Co. has a 1 year low of $78.82 and a 1 year high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $6.54 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. The stock has a fifty day moving average of $88.96 and a 200-day moving average of $102.64.

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

Louisiana-Pacific Dividend Announcement

The firm 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 $0.28 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.19%. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Truist Financial cut their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. TD Securities cut their price target 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. Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a report on Wednesday, May 7th. Finally, Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target 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.