24,765 Shares in Louisiana-Pacific Co. (NYSE:LPX) Bought by Investment House LLC

Investment House LLC purchased a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,765 shares of the building manufacturing company's stock, valued at approximately $1,754,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ceredex Value Advisors LLC boosted its stake in shares of Louisiana-Pacific by 434.3% during the 3rd quarter. Ceredex Value Advisors LLC now owns 695,900 shares of the building manufacturing company's stock worth $38,462,000 after acquiring an additional 565,650 shares in the last quarter. Invesco Ltd. grew its holdings in Louisiana-Pacific by 57.8% in the third quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company's stock valued at $44,026,000 after purchasing an additional 291,833 shares during the period. New York State Common Retirement Fund increased its position in shares of Louisiana-Pacific by 356.1% in the fourth quarter. New York State Common Retirement Fund now owns 311,758 shares of the building manufacturing company's stock valued at $22,082,000 after buying an additional 243,409 shares in the last quarter. Tudor Investment Corp Et Al purchased a new stake in shares of Louisiana-Pacific in the third quarter valued at approximately $10,148,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Louisiana-Pacific by 493.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 171,838 shares of the building manufacturing company's stock worth $9,497,000 after buying an additional 142,868 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the transaction, the director now directly owns 25,995 shares in the company, valued at approximately $2,016,692.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.53% of the stock is currently owned by insiders.

Louisiana-Pacific Trading Down 1.3 %

Louisiana-Pacific stock traded down $0.98 during trading on Tuesday, reaching $73.18. 689,966 shares of the company were exchanged, compared to its average volume of 880,002. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. The stock's 50 day simple moving average is $76.73 and its two-hundred day simple moving average is $68.32. The company has a market capitalization of $5.29 billion, a P/E ratio of 29.87 and a beta of 1.84. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $84.54.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The firm had revenue of $658.00 million for the quarter, compared to analysts' expectations of $618.60 million. During the same quarter in the previous year, the company posted $0.61 EPS. The company's revenue was down 6.7% compared to the same quarter last year. On average, equities research analysts expect that Louisiana-Pacific Co. will post 4.89 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.24. Louisiana-Pacific's payout ratio is presently 42.45%.

Analysts Set New Price Targets

LPX has been the subject of a number of research analyst reports. TD Cowen restated a "hold" rating and set a $75.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, January 11th. TheStreet lowered shares of Louisiana-Pacific from a "b-" rating to a "c+" rating in a research note on Thursday, February 29th. Truist Financial boosted their price objective on Louisiana-Pacific from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, January 4th. TD Securities raised their target price on Louisiana-Pacific from $75.00 to $77.00 and gave the company a "hold" rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada boosted their price target on Louisiana-Pacific from $80.00 to $82.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $73.71.

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.