Dorsey Wright & Associates Buys New Shares in Louisiana-Pacific Co. (NYSE:LPX)

Dorsey Wright & Associates purchased a new position in Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 70,787 shares of the building manufacturing company’s stock, valued at approximately $7,330,000. Louisiana-Pacific comprises 1.7% of Dorsey Wright & Associates’ investment portfolio, making the stock its 10th largest position. Dorsey Wright & Associates owned about 0.10% of Louisiana-Pacific as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. UMB Bank n.a. raised its stake in shares of Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after buying an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Louisiana-Pacific during the fourth quarter worth about $35,000. Versant Capital Management Inc boosted its holdings in Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after purchasing an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Louisiana-Pacific by 65.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock valued at $61,000 after purchasing an additional 232 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings 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 worth $75,000 after buying an additional 259 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Down 1.9 %

Shares of LPX opened at $91.67 on Friday. The business’s fifty day moving average price is $103.96 and its two-hundred day moving average price is $106.50. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.24 and a beta of 2.02. Louisiana-Pacific Co. has a 52 week low of $71.39 and a 52 week high of $122.87. 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) last posted its quarterly earnings results 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 business had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. On average, analysts predict 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. Investors of record on Thursday, February 27th were issued a $0.28 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is currently 19.05%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Loop Capital lowered their price target on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a research report on Thursday, February 20th. DA Davidson cut their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. 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 report on Thursday, February 20th. Finally, Truist Financial lifted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $111.50.

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.