Fox Run Management L.L.C. Purchases New Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Fox Run Management L.L.C. acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,231 shares of the building manufacturing company’s stock, valued at approximately $335,000.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC increased its position in shares of Louisiana-Pacific by 25.2% during the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock worth $340,427,000 after purchasing an additional 638,058 shares in the last quarter. State Street Corp boosted its stake in Louisiana-Pacific by 10.8% during the 3rd quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock worth $231,529,000 after purchasing an additional 210,113 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Louisiana-Pacific by 32.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock worth $71,192,000 after buying an additional 162,976 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Louisiana-Pacific by 3.3% in the fourth quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company’s stock valued at $63,554,000 after buying an additional 19,772 shares during the last quarter. Finally, Bamco Inc. NY lifted its stake in shares of Louisiana-Pacific by 65.7% in the third quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company’s stock worth $55,500,000 after buying an additional 204,828 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analysts Set New Price Targets

LPX has been the subject of several research reports. TD Securities dropped their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. BMO Capital Markets boosted their price objective 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. DA Davidson cut their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Truist Financial upped their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Two 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 stock. Based on data from MarketBeat, Louisiana-Pacific has an average rating of “Hold” and an average target price of $111.50.

Louisiana-Pacific Stock Down 0.5 %

Louisiana-Pacific stock opened at $94.71 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The firm has a 50 day moving average price of $105.26 and a 200 day moving average price of $106.60. Louisiana-Pacific Co. has a fifty-two week low of $71.39 and a fifty-two week high of $122.87. The company has a market capitalization of $6.60 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data 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 the consensus estimate of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. Research analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.28 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.18%. Louisiana-Pacific’s dividend payout ratio (DPR) 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.