BI Asset Management Fondsmaeglerselskab A S Raises Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 58.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,498 shares of the building manufacturing company’s stock after acquiring an additional 21,516 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Louisiana-Pacific were worth $6,057,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. UMB Bank n.a. grew its position in Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Louisiana-Pacific in the 4th quarter valued at about $35,000. Versant Capital Management Inc raised its stake in Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Louisiana-Pacific by 65.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock worth $61,000 after acquiring an additional 232 shares during the period. 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 purchasing an additional 259 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $84.14 on Friday. The stock has a fifty day moving average price of $93.90 and a 200 day moving average price of $104.49. 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 stock has a market cap of $5.86 billion, a PE ratio of 14.31, a P/E/G ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a 1 year low of $71.95 and a 1 year high of $122.87.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.33%. Louisiana-Pacific’s dividend payout ratio is currently 19.05%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LPX. 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. Loop Capital dropped their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 24th. Royal Bank of Canada reissued an “outperform” rating and set a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday, February 20th. Truist Financial increased their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, BMO Capital Markets lifted their price target 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.