Jacobs Levy Equity Management Inc. Boosts Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Jacobs Levy Equity Management Inc. raised its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,266,145 shares of the building manufacturing company's stock after purchasing an additional 24,285 shares during the period. Jacobs Levy Equity Management Inc. owned 1.80% of Louisiana-Pacific worth $131,109,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position 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 increased its holdings in shares of Louisiana-Pacific by 17.1% during the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after acquiring an additional 540,703 shares in the last quarter. 59 North Capital Management LP boosted its stake in Louisiana-Pacific by 13.4% in the 4th quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company's stock worth $205,322,000 after purchasing an additional 235,069 shares in the last quarter. Eminence Capital LP grew its position 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, Alyeska Investment Group L.P. increased its stake in Louisiana-Pacific by 1,736.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock valued at $92,299,000 after purchasing an additional 842,809 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded up $1.91 during midday trading on Friday, hitting $95.35. 793,910 shares of the company's stock traded hands, compared to its average volume of 708,274. The firm has a fifty day moving average of $89.05 and a 200 day moving average of $102.45. Louisiana-Pacific Co. has a 1 year low of $78.82 and a 1 year 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. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94.

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

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be issued a $0.28 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.17%. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LPX. DA Davidson cut their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. BMO Capital Markets lifted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. TD Securities lowered their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock 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 stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Truist Financial dropped their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $107.38.

Louisiana-Pacific Company 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.