Optimize Financial Inc Takes $278,000 Position in Louisiana-Pacific Co. (NYSE:LPX)

Optimize Financial Inc purchased a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,680 shares of the building manufacturing company’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also made changes to their positions in LPX. UMB Bank n.a. raised its position in Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after acquiring an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its position in shares of Louisiana-Pacific by 158.5% during 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 last quarter. Harbor Capital Advisors Inc. lifted 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 valued at $61,000 after buying an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Louisiana-Pacific by 56.2% during the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock valued at $75,000 after buying an additional 259 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LPX. DA Davidson cut their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Loop Capital decreased their price target 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. TD Securities cut their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. 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 research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Louisiana-Pacific has a consensus rating of “Hold” and an average target price of $111.50.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $86.20 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a 1 year low of $71.39 and a 1 year high of $122.87. The firm has a 50 day moving average price of $97.01 and a 200 day moving average price of $105.28.

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

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.05%.

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.