Putney Financial Group LLC Makes New Investment in Louisiana-Pacific Co. (NYSE:LPX)

Putney Financial Group LLC 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 3,754 shares of the building manufacturing company's stock, valued at approximately $389,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Louisiana-Pacific by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock valued at $733,961,000 after buying an additional 132,891 shares in the last quarter. FMR LLC lifted its holdings in Louisiana-Pacific by 17.1% during the 4th 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 in the last quarter. 59 North Capital Management LP lifted its holdings in Louisiana-Pacific by 13.4% during the 4th quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company's stock valued at $205,322,000 after buying an additional 235,069 shares in the last quarter. Eminence Capital LP lifted its holdings in Louisiana-Pacific by 7.7% during the 4th quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company's stock valued at $149,641,000 after buying an additional 102,897 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Louisiana-Pacific by 2.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,266,145 shares of the building manufacturing company's stock valued at $131,109,000 after buying an additional 24,285 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LPX shares. TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Truist Financial reduced their price target 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 boosted their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. DA Davidson reduced their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a report on Wednesday, May 7th. Two 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's stock. According to data from MarketBeat.com, Louisiana-Pacific has a consensus rating of "Hold" and a consensus target price of $107.38.

Louisiana-Pacific Stock Down 0.6%

Shares of Louisiana-Pacific stock traded down $0.51 on Friday, reaching $89.98. The stock had a trading volume of 210,799 shares, compared to its average volume of 680,607. The company has a 50 day moving average price of $89.07 and a 200 day moving average price of $101.62. 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 1 year low of $78.82 and a 1 year high of $122.87. The stock has a market capitalization of $6.26 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.24 and a beta of 1.94.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $724.00 million for the quarter, compared to the consensus estimate of $711.66 million. During the same quarter in the previous year, the firm earned $1.53 EPS. The company's quarterly revenue was up .0% compared to the same quarter last year. As a group, equities research analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio is presently 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.