Louisiana-Pacific Co. (NYSE:LPX) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 272.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,183 shares of the building manufacturing company's stock after purchasing an additional 16,223 shares during the quarter. NewEdge Advisors LLC's holdings in Louisiana-Pacific were worth $2,297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ontario Teachers Pension Plan Board raised its holdings in shares of Louisiana-Pacific by 40.2% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 8,656 shares of the building manufacturing company's stock valued at $896,000 after acquiring an additional 2,484 shares in the last quarter. Icon Advisers Inc. Co. purchased a new stake in Louisiana-Pacific in the 4th quarter worth approximately $2,040,000. Hanlon Investment Management Inc. purchased a new stake in shares of Louisiana-Pacific during the 4th quarter worth about $1,167,000. Mariner LLC grew its holdings in Louisiana-Pacific by 9.3% in the fourth quarter. Mariner LLC now owns 8,339 shares of the building manufacturing company's stock valued at $864,000 after purchasing an additional 708 shares during the period. Finally, Barclays PLC grew its stake in Louisiana-Pacific by 129.9% in the 4th quarter. Barclays PLC now owns 82,980 shares of the building manufacturing company's stock valued at $8,594,000 after acquiring an additional 46,891 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on LPX shares. Loop Capital reduced their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a report on Monday, February 24th. DA Davidson reduced their price objective 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. TD Securities dropped their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Finally, Truist Financial reduced their price target 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $108.63.

Louisiana-Pacific Stock Performance

NYSE:LPX traded down $0.44 during mid-day trading on Friday, reaching $86.59. 257,510 shares of the stock were exchanged, compared to its average volume of 735,264. The stock has a market capitalization of $6.03 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a 1 year low of $72.06 and a 1 year high of $122.87. The company has a 50 day simple moving average of $91.19 and a 200-day simple moving average of $103.73. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same quarter last year, the company posted $0.71 earnings per share. The business's revenue was up 3.5% on a year-over-year basis. Analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.28 dividend. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.29%. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.05%.

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.