Capital Advisory Group Advisory Services LLC Boosts Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Capital Advisory Group Advisory Services LLC increased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 7.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,543 shares of the building manufacturing company’s stock after purchasing an additional 173 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Louisiana-Pacific were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LPX. Truist Financial Corp grew its stake in Louisiana-Pacific by 47.3% in the 4th quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company’s stock valued at $1,010,000 after acquiring an additional 3,129 shares during the last quarter. Victory Capital Management Inc. raised its position in Louisiana-Pacific by 23.8% in the fourth quarter. Victory Capital Management Inc. now owns 167,439 shares of the building manufacturing company’s stock valued at $17,338,000 after purchasing an additional 32,210 shares during the period. New York Life Investment Management LLC purchased a new stake in shares of Louisiana-Pacific during the fourth quarter valued at approximately $699,000. Monument Capital Management purchased a new position in Louisiana-Pacific in the 4th quarter valued at about $2,382,000. Finally, Atria Investments Inc increased its holdings in Louisiana-Pacific by 353.0% during the 4th quarter. Atria Investments Inc now owns 15,782 shares of the building manufacturing company’s stock worth $1,634,000 after purchasing an additional 12,298 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analysts Set New Price Targets

LPX has been the subject of several research reports. Truist Financial decreased their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Loop Capital raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Wednesday, May 7th. BMO Capital Markets increased their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Finally, DA Davidson decreased their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $107.38.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $90.68 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The company has a market cap of $6.31 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.89. Louisiana-Pacific Co. has a twelve month low of $78.82 and a twelve month high of $122.87. The business’s 50 day moving average price is $88.89 and its two-hundred day moving average price is $100.33.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. The firm had revenue of $724.00 million during the quarter, compared to analysts’ expectations of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 earnings per share. On average, analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.24%. Louisiana-Pacific’s payout ratio is currently 19.65%.

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.