Robotti Robert Buys 140 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Robotti Robert raised its position in Louisiana-Pacific Co. (NYSE:LPX) by 0.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 79,128 shares of the building manufacturing company’s stock after purchasing an additional 140 shares during the period. Louisiana-Pacific accounts for approximately 1.4% of Robotti Robert’s portfolio, making the stock its 19th largest position. Robotti Robert owned 0.11% of Louisiana-Pacific worth $8,194,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Louisiana-Pacific by 328.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,262 shares of the building manufacturing company’s stock worth $1,270,000 after acquiring an additional 9,399 shares during the period. Prudential Financial Inc. grew its stake in Louisiana-Pacific by 6.3% during the fourth quarter. Prudential Financial Inc. now owns 103,955 shares of the building manufacturing company’s stock worth $10,765,000 after purchasing an additional 6,190 shares during the period. Woodmont Investment Counsel LLC increased its holdings in Louisiana-Pacific by 3.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock worth $337,000 after purchasing an additional 100 shares in the last quarter. Vanguard Group Inc. lifted its stake in Louisiana-Pacific by 1.9% in 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 buying an additional 132,891 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Louisiana-Pacific by 148.6% during the 4th quarter. LPL Financial LLC now owns 63,329 shares of the building manufacturing company’s stock worth $6,558,000 after buying an additional 37,856 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LPX shares. BMO Capital Markets lifted 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 note on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. Loop Capital reduced their target price 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. Truist Financial upped their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, DA Davidson reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $111.50.

Louisiana-Pacific Price Performance

LPX opened at $94.71 on Thursday. The firm’s fifty day moving average price is $105.26 and its two-hundred day moving average price is $106.60. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 16.11, a P/E/G 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 1 year low of $71.39 and a 1 year 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 EPS for the quarter, beating the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. As a group, analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.18%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 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.