8,295 Shares in Louisiana-Pacific Co. (NYSE:LPX) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. 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 Securities and Exchange Commission. The institutional investor bought 8,295 shares of the building manufacturing company's stock, valued at approximately $859,000.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of 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 worth $733,961,000 after buying an additional 132,891 shares during the period. 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 purchasing an additional 540,703 shares during 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 purchasing an additional 235,069 shares during 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 purchasing an additional 102,897 shares during 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 purchasing an additional 24,285 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded up $1.26 during mid-day trading on Friday, hitting $92.74. 832,600 shares of the stock were exchanged, compared to its average volume of 709,429. The stock's fifty day simple moving average is $89.24 and its two-hundred day simple moving average is $102.04. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a 12-month low of $78.82 and a 12-month high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86.

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

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.21%. Louisiana-Pacific's dividend payout ratio (DPR) is 19.65%.

Wall Street Analyst Weigh In

LPX has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Wednesday, May 7th. DA Davidson lowered their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Truist Financial lowered their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, TD Securities lowered 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 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 data from MarketBeat, Louisiana-Pacific has a consensus rating of "Hold" and a consensus 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.