Counterpoint Mutual Funds LLC Acquires New Position in Louisiana-Pacific Co. (NYSE:LPX)

Counterpoint Mutual Funds LLC acquired a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) during the fourth quarter, HoldingsChannel reports. The fund acquired 3,786 shares of the building manufacturing company’s stock, valued at approximately $392,000.

A number of other large investors also recently modified their holdings of the company. UMB Bank n.a. increased its stake 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 worth $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Louisiana-Pacific in the 4th quarter worth approximately $35,000. Versant Capital Management Inc increased its stake in Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after purchasing an additional 214 shares during the period. First Horizon Advisors Inc. increased its stake in Louisiana-Pacific by 77.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock worth $50,000 after purchasing an additional 201 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Louisiana-Pacific by 65.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock worth $61,000 after purchasing an additional 232 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Up 2.1 %

NYSE LPX opened at $93.52 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a twelve month low of $71.39 and a twelve month high of $122.87. The firm has a market capitalization of $6.52 billion, a PE ratio of 15.90, a P/E/G ratio of 1.24 and a beta of 2.02. The stock’s 50 day moving average is $107.16 and its 200 day moving average is $106.66.

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

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.20%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s payout ratio is 19.05%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. BMO Capital Markets lifted their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Truist Financial boosted their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Loop Capital reduced their target price on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 24th. DA Davidson reduced their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, TD Securities reduced their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $111.50.

Louisiana-Pacific 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.