NBC Securities Inc. Acquires 7,501 Shares of Louisiana-Pacific Co. (NYSE:LPX)

NBC Securities Inc. boosted its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 107,157.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,508 shares of the building manufacturing company's stock after acquiring an additional 7,501 shares during the period. NBC Securities Inc.'s holdings in Louisiana-Pacific were worth $690,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific during the 4th quarter worth approximately $35,000. First Horizon Advisors Inc. raised its position in 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 purchasing an additional 259 shares in the last quarter. GeoWealth Management LLC lifted its stake in Louisiana-Pacific by 1,184.9% during the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after purchasing an additional 865 shares during the last quarter. Covestor Ltd boosted its stake in shares of Louisiana-Pacific by 142.6% in the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock valued at $108,000 after purchasing an additional 613 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Louisiana-Pacific by 136.9% during the 4th 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. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Down 0.8%

NYSE:LPX traded down $0.74 on Friday, reaching $91.73. 593,907 shares of the stock traded hands, compared to its average volume of 699,906. The company's 50 day moving average is $88.84 and its 200-day moving average is $100.87. The company has a current ratio of 2.86, a quick ratio of 1.69 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 firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.14. The firm 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%. The company's revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.53 earnings per share. Equities research analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.22%. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LPX. DA Davidson dropped their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Truist Financial dropped their price target on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a report on Wednesday, May 7th. TD Securities reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Finally, Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Louisiana-Pacific currently has a consensus rating of "Hold" and a consensus target price 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.