Masterton Capital Management LP Invests $3.89 Million in Louisiana-Pacific Co. (NYSE:LPX)

Masterton Capital Management LP bought a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,517 shares of the building manufacturing company's stock, valued at approximately $3,885,000. Louisiana-Pacific accounts for about 2.2% of Masterton Capital Management LP's investment portfolio, making the stock its 21st biggest position. Masterton Capital Management LP owned 0.05% of Louisiana-Pacific at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LPX. Coldstream Capital Management Inc. increased its stake in Louisiana-Pacific by 2.6% during the 4th 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 in the last quarter. Hanseatic Management Services Inc. increased its position in shares of Louisiana-Pacific by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock worth $97,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Louisiana-Pacific by 0.6% in 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 acquiring an additional 100 shares during the last quarter. Woodmont Investment Counsel LLC lifted its position in Louisiana-Pacific by 3.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock valued at $337,000 after acquiring an additional 100 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Louisiana-Pacific by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock valued at $228,000 after purchasing an additional 114 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 $1.00 during trading hours on Friday, hitting $87.52. 735,823 shares of the company were exchanged, compared to its average volume of 734,220. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.24 and a beta of 1.94. The firm has a fifty day simple moving average of $89.86 and a 200 day simple moving average of $103.14. Louisiana-Pacific Co. has a 52-week low of $72.91 and a 52-week high of $122.87.

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

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, February 27th. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio (DPR) is currently 19.05%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LPX. Loop Capital dropped their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 24th. BMO Capital Markets raised their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. DA Davidson lowered their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Truist Financial cut 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $108.63.

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.