KLCM Advisors Inc. Increases Position in Louisiana-Pacific Co. (NYSE:LPX)

KLCM Advisors Inc. lifted its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,103 shares of the building manufacturing company’s stock after purchasing an additional 5,545 shares during the period. Louisiana-Pacific comprises about 1.5% of KLCM Advisors Inc.’s portfolio, making the stock its 25th largest holding. KLCM Advisors Inc.’s holdings in Louisiana-Pacific were worth $9,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LPX. Zions Bancorporation N.A. purchased a new position in shares of Louisiana-Pacific in the 1st quarter valued at about $25,000. Larson Financial Group LLC acquired a new stake in Louisiana-Pacific in the 3rd quarter worth about $37,000. Atlas Capital Advisors LLC acquired a new stake in Louisiana-Pacific in the 2nd quarter worth about $42,000. State of Wyoming acquired a new stake in Louisiana-Pacific in the 4th quarter worth about $49,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in Louisiana-Pacific by 125.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 880 shares of the building manufacturing company’s stock worth $50,000 after buying an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LPX shares. Truist Financial lifted their price objective on Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. TheStreet cut Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. TD Cowen reiterated a “hold” rating and issued a $75.00 price objective on shares of Louisiana-Pacific in a report on Thursday, January 11th. TD Securities boosted their target price on Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada boosted their target price on Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.71.

Louisiana-Pacific Trading Down 3.0 %

Shares of LPX stock traded down $2.28 during trading on Wednesday, hitting $72.99. 1,067,630 shares of the stock traded hands, compared to its average volume of 800,142. The firm has a market capitalization of $5.28 billion, a P/E ratio of 29.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. The firm’s fifty day moving average price is $75.92 and its 200-day moving average price is $67.04. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $84.54.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.54 by $0.17. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $618.60 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. As a group, research analysts forecast that Louisiana-Pacific Co. will post 3.85 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s payout ratio is presently 42.45%.

Insider Activity

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the sale, the director now owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.53% of the company’s stock.

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.