Nebula Research & Development LLC Buys Shares of 4,912 Louisiana-Pacific Co. (NYSE:LPX)

Nebula Research & Development LLC acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,912 shares of the building manufacturing company's stock, valued at approximately $509,000.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after purchasing an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Louisiana-Pacific during the fourth quarter valued at $35,000. Versant Capital Management Inc increased its stake in Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after buying an additional 214 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 65.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock worth $61,000 after acquiring an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Louisiana-Pacific by 56.2% in the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after buying an additional 259 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Performance

NYSE LPX traded up $1.00 during trading on Friday, reaching $87.52. 735,823 shares of the company's stock were exchanged, compared to its average volume of 734,220. Louisiana-Pacific Co. has a fifty-two week low of $72.91 and a fifty-two week high of $122.87. The stock has a market capitalization of $6.10 billion, a P/E ratio of 14.88, a PEG ratio of 1.24 and a beta of 1.94. The business has a 50 day moving average price of $89.86 and a 200-day moving average price of $103.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69.

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

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.28 dividend. The ex-dividend date was Thursday, February 27th. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.28%. Louisiana-Pacific's dividend payout ratio is 19.05%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LPX. Royal Bank of Canada reiterated an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. DA Davidson dropped their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Loop Capital lowered their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, February 24th. TD Securities reduced their price target 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 cut their price objective 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $108.63.

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.