Louisiana-Pacific Co. (NYSE:LPX) Shares Acquired by Southernsun Asset Management LLC

Southernsun Asset Management LLC increased its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 484,363 shares of the building manufacturing company's stock after buying an additional 5,457 shares during the period. Louisiana-Pacific comprises approximately 6.2% of Southernsun Asset Management LLC's holdings, making the stock its 5th largest holding. Southernsun Asset Management LLC owned about 0.69% of Louisiana-Pacific worth $50,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Hanseatic Management Services Inc. raised its holdings in shares of Louisiana-Pacific by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock valued at $97,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Louisiana-Pacific by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock valued at $1,802,000 after purchasing an additional 100 shares during the last quarter. Woodmont Investment Counsel LLC grew its stake in Louisiana-Pacific by 3.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock valued at $337,000 after purchasing an additional 100 shares during the last quarter. CIBC Asset Management Inc grew its stake in Louisiana-Pacific by 5.5% in the fourth 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. Finally, Stratos Wealth Partners LTD. grew its stake in Louisiana-Pacific by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company's stock valued at $242,000 after purchasing an additional 124 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LPX has been the topic of several analyst reports. Loop Capital cut their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, February 24th. Royal Bank of Canada restated an "outperform" rating and set a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. BMO Capital Markets boosted their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. TD Securities dropped their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. Finally, 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 note on Thursday, February 20th. 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's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $108.63.

Louisiana-Pacific Stock Performance

NYSE LPX traded down $0.44 during trading hours on Friday, reaching $86.59. The stock had a trading volume of 257,510 shares, compared to its average volume of 735,264. Louisiana-Pacific Co. has a 52-week low of $72.06 and a 52-week high of $122.87. The stock has a market cap of $6.03 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The stock has a fifty day moving average of $91.19 and a 200 day moving average of $103.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating 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 company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same period in the previous year, the company posted $0.71 earnings per share. Louisiana-Pacific's revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

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

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.