Jacobs Levy Equity Management Inc. Purchases 24,285 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Jacobs Levy Equity Management Inc. grew its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,266,145 shares of the building manufacturing company’s stock after buying an additional 24,285 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.80% of Louisiana-Pacific worth $131,109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Louisiana-Pacific by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company’s stock valued at $733,961,000 after acquiring an additional 132,891 shares in the last quarter. FMR LLC grew its stake in Louisiana-Pacific by 17.1% during the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company’s stock worth $384,031,000 after buying an additional 540,703 shares during the last quarter. 59 North Capital Management LP increased its position in Louisiana-Pacific by 13.4% during the 4th quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company’s stock valued at $205,322,000 after buying an additional 235,069 shares in the last quarter. Eminence Capital LP raised its stake in Louisiana-Pacific by 7.7% in the fourth quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company’s stock valued at $149,641,000 after buying an additional 102,897 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in Louisiana-Pacific by 1,736.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company’s stock worth $92,299,000 after acquiring an additional 842,809 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LPX has been the subject of several research analyst reports. TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. Loop Capital raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Wednesday. Truist Financial dropped their price objective 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. DA Davidson reduced their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Royal Bank of Canada boosted their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $107.38.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $90.66 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.24 and a beta of 1.94. The firm’s 50 day simple moving average is $88.99 and its 200-day simple moving average is $102.69. Louisiana-Pacific Co. has a 12 month low of $78.82 and a 12 month high of $122.87.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.13 by $0.14. The company had revenue of $724.00 million for the quarter, compared to analyst estimates of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business earned $1.53 earnings per share. Analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, May 20th. Louisiana-Pacific’s payout ratio is 19.65%.

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.