O Shaughnessy Asset Management LLC Boosts Stake in Louisiana-Pacific Co. (NYSE:LPX)

O Shaughnessy Asset Management LLC raised its position in Louisiana-Pacific Co. (NYSE:LPX) by 52.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,434 shares of the building manufacturing company’s stock after purchasing an additional 5,284 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Louisiana-Pacific were worth $1,598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LPX. Captrust Financial Advisors lifted its position in Louisiana-Pacific by 6.5% during the third quarter. Captrust Financial Advisors now owns 7,613 shares of the building manufacturing company’s stock valued at $818,000 after buying an additional 462 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in shares of Louisiana-Pacific during the 3rd quarter valued at $203,000. HighTower Advisors LLC boosted its position in Louisiana-Pacific by 303.3% during the 3rd quarter. HighTower Advisors LLC now owns 35,430 shares of the building manufacturing company’s stock worth $3,812,000 after purchasing an additional 26,644 shares during the period. Janus Henderson Group PLC increased its holdings in Louisiana-Pacific by 142.0% in the 3rd quarter. Janus Henderson Group PLC now owns 75,522 shares of the building manufacturing company’s stock valued at $8,114,000 after purchasing an additional 44,318 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Louisiana-Pacific in the third quarter valued at about $7,617,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LPX shares. Truist Financial increased their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Loop Capital reduced their target price on shares of 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 reaffirmed an “outperform” rating and set a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday, February 20th. Finally, DA Davidson cut their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus target price of $111.50.

Louisiana-Pacific Trading Down 1.3 %

NYSE LPX opened at $86.08 on Friday. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific Co. has a 12 month low of $71.39 and a 12 month high of $122.87. The company’s fifty day moving average price is $101.38 and its two-hundred day moving average price is $106.21.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping 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 net margin of 14.31% and a return on equity of 25.35%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. As a group, research analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company 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 of this dividend was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.30%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.05%.

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.