3,754 Shares in Louisiana-Pacific Co. (NYSE:LPX) Acquired by Putney Financial Group LLC

Putney Financial Group LLC acquired a new position in Louisiana-Pacific Co. (NYSE:LPX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,754 shares of the building manufacturing company’s stock, valued at approximately $389,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in shares of Louisiana-Pacific by 98.8% in the fourth 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 period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Louisiana-Pacific in the fourth quarter worth approximately $35,000. First Horizon Advisors Inc. raised its position 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 worth $75,000 after acquiring an additional 259 shares in the last quarter. GeoWealth Management LLC raised its position in shares of Louisiana-Pacific by 1,184.9% in the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company’s stock worth $97,000 after acquiring an additional 865 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Louisiana-Pacific by 142.6% in the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company’s stock worth $108,000 after acquiring an additional 613 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $92.74 on Friday. Louisiana-Pacific Co. has a one year low of $78.82 and a one year high of $122.87. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.24 and a beta of 1.94. The business has a 50-day simple moving average of $89.24 and a 200 day simple moving average of $102.08. 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 (NYSE:LPX) last issued its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business had revenue of $724.00 million during the quarter, compared to analyst estimates of $711.66 million. During the same period in the previous year, the company posted $1.53 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, research analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, May 20th. Louisiana-Pacific’s payout ratio is 19.65%.

Wall Street Analyst Weigh In

LPX has been the subject of several research analyst reports. Loop Capital raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Wednesday, May 7th. Truist Financial lowered their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. TD Securities lowered their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. DA Davidson lowered their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $107.38.

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.