Nebula Research & Development LLC Invests $509,000 in Louisiana-Pacific Co. (NYSE:LPX)

Nebula Research & Development LLC acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,912 shares of the building manufacturing company’s stock, valued at approximately $509,000.

Other institutional investors also recently modified their holdings of the company. Hancock Whitney Corp raised its holdings in shares of Louisiana-Pacific by 9.1% during the fourth quarter. Hancock Whitney Corp now owns 3,974 shares of the building manufacturing company’s stock valued at $412,000 after purchasing an additional 332 shares during the period. Pinebridge Investments L.P. raised its stake in Louisiana-Pacific by 61.9% during the 4th quarter. Pinebridge Investments L.P. now owns 22,754 shares of the building manufacturing company’s stock worth $2,356,000 after buying an additional 8,701 shares during the period. Southernsun Asset Management LLC boosted its holdings in Louisiana-Pacific by 1.1% in the fourth quarter. Southernsun Asset Management LLC now owns 484,363 shares of the building manufacturing company’s stock worth $50,156,000 after acquiring an additional 5,457 shares in the last quarter. Stifel Financial Corp acquired a new stake in Louisiana-Pacific in the fourth quarter valued at approximately $3,636,000. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Louisiana-Pacific by 31.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,681 shares of the building manufacturing company’s stock valued at $174,000 after acquiring an additional 399 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $86.43 on Wednesday. The stock has a market cap of $6.02 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.24 and a beta of 1.86. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average price is $90.61 and its two-hundred day moving average price is $103.48. Louisiana-Pacific Co. has a 52 week low of $72.06 and a 52 week high of $122.87.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share 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 for the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.05%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. TD Securities cut their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. DA Davidson reduced their price objective 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. Truist Financial lowered their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Loop Capital cut their price target on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. Two research 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $108.63.

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.