Steward Partners Investment Advisory LLC Boosts Stake in Louisiana-Pacific Co. (NYSE:LPX)

Steward Partners Investment Advisory LLC grew its stake in Louisiana-Pacific Co. (NYSE:LPX) by 136.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,521 shares of the building manufacturing company’s stock after buying an additional 879 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Louisiana-Pacific were worth $158,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Louisiana-Pacific by 36.7% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,045 shares of the building manufacturing company’s stock worth $2,261,000 after buying an additional 5,645 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of Louisiana-Pacific by 269.7% in the fourth quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company’s stock worth $4,318,000 after buying an additional 30,418 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Louisiana-Pacific by 238.1% in the third quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock worth $2,136,000 after buying an additional 14,001 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Louisiana-Pacific by 47.3% in the fourth quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company’s stock worth $1,010,000 after buying an additional 3,129 shares during the last quarter. Finally, Symphony Financial Ltd. Co. purchased a new position in shares of Louisiana-Pacific in the fourth quarter worth $259,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on LPX shares. Truist Financial raised their price target on shares of 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 reissued an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. DA Davidson reduced their target price 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 reduced their target price 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, BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $111.50.

Louisiana-Pacific Stock Up 2.6 %

LPX opened at $91.71 on Monday. 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 debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The company has a fifty day moving average of $107.16 and a two-hundred day moving average of $106.66. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last announced its 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. 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 for the quarter, compared to analyst estimates of $666.75 million. During the same quarter last year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given 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 1.22%. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.05%.

About Louisiana-Pacific

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.