Fox Run Management L.L.C. Makes New $335,000 Investment in Louisiana-Pacific Co. (NYSE:LPX)

Fox Run Management L.L.C. acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,231 shares of the building manufacturing company’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hanseatic Management Services Inc. raised its holdings in Louisiana-Pacific by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock valued at $97,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Louisiana-Pacific by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock worth $1,802,000 after purchasing an additional 100 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Louisiana-Pacific by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock worth $228,000 after purchasing an additional 114 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Louisiana-Pacific by 5.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company’s stock worth $242,000 after purchasing an additional 124 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in Louisiana-Pacific by 7.1% in the fourth quarter. Sanctuary Advisors LLC now owns 1,862 shares of the building manufacturing company’s stock valued at $193,000 after buying an additional 124 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $94.71 on Thursday. The company’s 50 day simple moving average is $105.26 and its 200-day simple moving average is $106.60. The firm has a market cap of $6.60 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. Louisiana-Pacific Co. has a 12-month low of $71.39 and a 12-month high of $122.87. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

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

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, February 27th. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.18%. Louisiana-Pacific’s dividend payout ratio is currently 19.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LPX. 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 report on Thursday, February 20th. DA Davidson cut their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Loop Capital lowered their price target on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 24th. Royal Bank of Canada reissued an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. Finally, Truist Financial upped their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.50.

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.