Louisiana-Pacific Co. (NYSE:LPX) Stock Position Increased by Kestra Investment Management LLC

Kestra Investment Management LLC increased its position in Louisiana-Pacific Co. (NYSE:LPX) by 63.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,912 shares of the building manufacturing company’s stock after buying an additional 1,512 shares during the quarter. Kestra Investment Management LLC’s holdings in Louisiana-Pacific were worth $405,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. lifted its holdings in Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after acquiring an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific in the 4th quarter worth approximately $35,000. Versant Capital Management Inc lifted its stake in Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Louisiana-Pacific during the third quarter worth approximately $38,000. Finally, Covestor Ltd grew its position in Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after buying an additional 163 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

LPX stock opened at $101.60 on Thursday. The stock has a market cap of $7.14 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.36 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The firm has a 50 day simple moving average of $110.81 and a 200 day simple moving average of $106.48. Louisiana-Pacific Co. has a 52 week low of $66.77 and a 52 week high of $122.87.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.29% and a return on equity of 24.50%. The company had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts anticipate that Louisiana-Pacific Co. will post 5.64 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.28 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is presently 19.31%.

Wall Street Analyst Weigh In

LPX has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. BMO Capital Markets upped their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group increased their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. DA Davidson boosted their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Truist Financial raised 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $108.38.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.26% of the company’s stock.

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.