Louisiana-Pacific Co. (NYSE:LPX) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 33.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,554 shares of the building manufacturing company’s stock after acquiring an additional 2,376 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Louisiana-Pacific were worth $989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Louisiana-Pacific by 52.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 230,738 shares of the building manufacturing company’s stock valued at $23,865,000 after purchasing an additional 79,038 shares in the last quarter. Vestcor Inc purchased a new position in Louisiana-Pacific in the fourth quarter valued at approximately $579,000. Wealthfront Advisers LLC acquired a new position in Louisiana-Pacific during the fourth quarter valued at approximately $9,171,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Louisiana-Pacific by 17.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,666 shares of the building manufacturing company’s stock worth $1,933,000 after buying an additional 2,730 shares during the period. Finally, Amundi increased its position in shares of Louisiana-Pacific by 0.8% in the fourth quarter. Amundi now owns 96,557 shares of the building manufacturing company’s stock worth $10,288,000 after acquiring an additional 761 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $91.10 on Wednesday. The business has a 50 day moving average price of $103.50 and a two-hundred day moving average price of $106.57. Louisiana-Pacific Co. has a fifty-two week low of $71.39 and a fifty-two week high of $122.87. The firm has a market cap of $6.35 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. 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) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same quarter last year, the company earned $0.71 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Sell-side analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.23%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.05%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. TD Securities reduced their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Truist Financial boosted their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. BMO Capital Markets increased their target price 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 reiterated an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Finally, DA Davidson decreased their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $111.50.

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.