New Age Alpha Advisors LLC Makes New $1.70 Million Investment in Louisiana-Pacific Co. (NYSE:LPX)

New Age Alpha Advisors LLC purchased a new stake in Louisiana-Pacific Co. (NYSE:LPX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,380 shares of the building manufacturing company’s stock, valued at approximately $1,696,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. increased 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 worth $33,000 after acquiring an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Louisiana-Pacific during the fourth quarter worth about $35,000. Versant Capital Management Inc raised its stake 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 worth $36,000 after purchasing an additional 214 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in 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 last quarter. Finally, First Horizon Advisors Inc. grew its stake 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 valued at $75,000 after buying an additional 259 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $91.67 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The company has a market cap of $6.39 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.24 and a beta of 2.02. The stock has a 50-day moving average of $103.96 and a two-hundred day moving average of $106.50. Louisiana-Pacific Co. has a 1-year low of $71.39 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating 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 firm had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.28 dividend. The ex-dividend date was Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.22%. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.05%.

Analysts Set New Price Targets

Several research firms have recently commented on LPX. DA Davidson reduced their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. TD Securities reduced their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. Truist Financial increased their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. Finally, Loop Capital lowered their target price on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Louisiana-Pacific currently 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.