Riverwater Partners LLC Boosts Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Riverwater Partners LLC raised its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,293 shares of the building manufacturing company’s stock after buying an additional 268 shares during the period. Riverwater Partners LLC’s holdings in Louisiana-Pacific were worth $1,066,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Prudential PLC raised its holdings in Louisiana-Pacific by 19.3% in the 4th quarter. Prudential PLC now owns 35,248 shares of the building manufacturing company’s stock worth $3,650,000 after purchasing an additional 5,691 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Louisiana-Pacific in the fourth quarter worth about $279,000. ExodusPoint Capital Management LP bought a new position in shares of Louisiana-Pacific in the fourth quarter worth about $7,645,000. O Shaughnessy Asset Management LLC lifted its position in shares of Louisiana-Pacific by 52.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,434 shares of the building manufacturing company’s stock valued at $1,598,000 after buying an additional 5,284 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new position in shares of Louisiana-Pacific during the 4th quarter valued at approximately $7,330,000. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $86.08 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. Louisiana-Pacific Co. has a 1-year low of $71.39 and a 1-year high of $122.87. The business has a 50 day simple moving average of $101.38 and a two-hundred day simple moving average of $106.21. The stock has a market capitalization of $6.00 billion, a PE ratio of 14.64, a P/E/G ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. Louisiana-Pacific’s quarterly revenue was up 3.5% on a year-over-year basis. On average, research analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 annualized dividend and a yield of 1.30%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.05%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LPX. Loop Capital decreased 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 note on Monday, February 24th. Truist Financial upped their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. DA Davidson decreased their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, BMO Capital Markets lifted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and an average price target of $111.50.

About Louisiana-Pacific

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.