Dockside LLC Buys Shares of 16,114 Louisiana-Pacific Corporation $LPX

Dockside LLC bought a new stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,114 shares of the building manufacturing company’s stock, valued at approximately $1,301,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Eminence Capital LP lifted its stake in Louisiana-Pacific by 7.9% during the 3rd quarter. Eminence Capital LP now owns 3,115,959 shares of the building manufacturing company’s stock valued at $276,822,000 after acquiring an additional 228,521 shares during the period. State Street Corp lifted its stake in Louisiana-Pacific by 1.3% during the 4th quarter. State Street Corp now owns 2,171,315 shares of the building manufacturing company’s stock valued at $175,355,000 after acquiring an additional 27,710 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Louisiana-Pacific by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,624,489 shares of the building manufacturing company’s stock valued at $131,202,000 after purchasing an additional 74,636 shares during the last quarter. Capital Research Global Investors increased its position in shares of Louisiana-Pacific by 306.2% during the 4th quarter. Capital Research Global Investors now owns 1,273,497 shares of the building manufacturing company’s stock valued at $102,848,000 after purchasing an additional 960,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Louisiana-Pacific by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,160,434 shares of the building manufacturing company’s stock valued at $93,735,000 after purchasing an additional 18,287 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LPX. Truist Financial reaffirmed a “buy” rating and set a $93.00 price target (down from $95.00) on shares of Louisiana-Pacific in a research report on Friday, May 8th. TD Securities raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. TD raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Thursday, May 7th. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $104.00 price target on shares of Louisiana-Pacific in a research report on Wednesday, February 18th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.25.

Louisiana-Pacific Price Performance

NYSE LPX opened at $75.21 on Friday. The company has a 50-day moving average price of $72.99 and a 200-day moving average price of $80.10. The firm has a market capitalization of $5.25 billion, a P/E ratio of 63.74, a PEG ratio of 1.89 and a beta of 1.59. Louisiana-Pacific Corporation has a 52 week low of $66.12 and a 52 week high of $102.86. The company has a quick ratio of 1.48, a current ratio of 3.26 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.24. The company had revenue of $574.00 million during the quarter, compared to analyst estimates of $569.99 million. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The firm’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. Equities research analysts anticipate that Louisiana-Pacific Corporation will post 2 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio is currently 101.69%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.