Strong Tower Advisory Services Has $6.86 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Strong Tower Advisory Services raised its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 25.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,593 shares of the building manufacturing company's stock after acquiring an additional 15,161 shares during the period. Louisiana-Pacific comprises about 1.6% of Strong Tower Advisory Services' investment portfolio, making the stock its 21st largest holding. Strong Tower Advisory Services owned about 0.11% of Louisiana-Pacific worth $6,861,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LPX. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Louisiana-Pacific in the 4th quarter valued at about $35,000. First Horizon Advisors Inc. lifted its stake 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 valued at $75,000 after acquiring an additional 259 shares in the last quarter. GeoWealth Management LLC lifted its stake in Louisiana-Pacific by 1,184.9% in the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after acquiring an additional 865 shares in the last quarter. Covestor Ltd grew its stake in shares of Louisiana-Pacific by 142.6% during the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock worth $108,000 after acquiring an additional 613 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Louisiana-Pacific by 136.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,521 shares of the building manufacturing company's stock valued at $158,000 after purchasing an additional 879 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded up $1.05 during mid-day trading on Wednesday, reaching $92.21. The company had a trading volume of 890,582 shares, compared to its average volume of 702,983. Louisiana-Pacific Co. has a one year low of $78.82 and a one year high of $122.87. The business's 50-day simple moving average is $88.82 and its 200 day simple moving average is $101.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.24 and a beta of 1.94.

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

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were given a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.21%. Louisiana-Pacific's dividend payout ratio is presently 19.65%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. DA Davidson dropped their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. TD Securities reduced their price objective 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. Truist Financial reduced their target price 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. Finally, BMO Capital Markets increased their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Two investment 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $107.38.

Louisiana-Pacific Profile

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.