Wedge Capital Management L L P NC Grows Position in Louisiana-Pacific Co. (NYSE:LPX)

Wedge Capital Management L L P NC raised its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,544 shares of the building manufacturing company's stock after acquiring an additional 10,807 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.10% of Louisiana-Pacific worth $6,397,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its stake in shares of Louisiana-Pacific by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock valued at $383,000 after purchasing an additional 95 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Louisiana-Pacific by 0.6% during 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 buying an additional 100 shares in the last quarter. Woodmont Investment Counsel LLC lifted its holdings in Louisiana-Pacific by 3.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock worth $337,000 after buying an additional 100 shares in the last quarter. CIBC Asset Management Inc boosted its position in 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 valued at $228,000 after buying an additional 114 shares during the period. Finally, Stratos Wealth Partners LTD. grew its stake in shares of Louisiana-Pacific by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company's stock worth $242,000 after acquiring an additional 124 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Truist Financial cut their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. BMO Capital Markets upped their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. TD Securities lowered their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Finally, DA Davidson cut their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Two investment 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. Based on data from MarketBeat, Louisiana-Pacific currently has an average rating of "Hold" and a consensus target price of $107.38.

Louisiana-Pacific Stock Up 1.6%

Shares of NYSE:LPX traded up $1.38 on Thursday, hitting $90.38. 682,196 shares of the company's stock were exchanged, compared to its average volume of 698,270. Louisiana-Pacific Co. has a 1-year low of $78.82 and a 1-year high of $122.87. The company has a market capitalization of $6.29 billion, a PE ratio of 15.37, a P/E/G ratio of 1.24 and a beta of 1.89. 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's 50-day moving average is $88.95 and its 200 day moving average is $100.25.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) 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 firm had revenue of $724.00 million during the quarter, compared to the consensus estimate of $711.66 million. During the same period in the prior year, the company posted $1.53 earnings per share. The firm's quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio (DPR) is 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.