KLCM Advisors Inc. Acquires 5,545 Shares of Louisiana-Pacific Co. (NYSE:LPX)

KLCM Advisors Inc. grew its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,103 shares of the building manufacturing company’s stock after purchasing an additional 5,545 shares during the period. Louisiana-Pacific comprises about 1.5% of KLCM Advisors Inc.’s investment portfolio, making the stock its 25th biggest holding. KLCM Advisors Inc. owned 0.19% of Louisiana-Pacific worth $9,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP grew its holdings in shares of Louisiana-Pacific by 6.3% in the first quarter. First Trust Advisors LP now owns 3,323,863 shares of the building manufacturing company’s stock worth $180,187,000 after acquiring an additional 196,459 shares during the period. State Street Corp grew its holdings in shares of Louisiana-Pacific by 2.1% in the first quarter. State Street Corp now owns 2,441,912 shares of the building manufacturing company’s stock worth $151,692,000 after acquiring an additional 50,575 shares during the period. Invesco Ltd. grew its holdings in shares of Louisiana-Pacific by 1.9% in the first quarter. Invesco Ltd. now owns 1,016,035 shares of the building manufacturing company’s stock worth $63,115,000 after acquiring an additional 18,612 shares during the period. Geode Capital Management LLC grew its holdings in shares of Louisiana-Pacific by 2.2% in the first quarter. Geode Capital Management LLC now owns 1,014,077 shares of the building manufacturing company’s stock worth $54,973,000 after acquiring an additional 21,996 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Louisiana-Pacific by 0.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 798,267 shares of the building manufacturing company’s stock worth $41,837,000 after acquiring an additional 7,301 shares during the period. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of LPX stock traded down $2.28 during trading hours on Wednesday, hitting $72.99. The stock had a trading volume of 1,067,630 shares, compared to its average volume of 800,142. Louisiana-Pacific Co. has a one year low of $49.47 and a one year high of $84.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. The stock’s 50-day moving average price is $75.92 and its two-hundred day moving average price is $67.04. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 29.79 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.17. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The firm had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $618.60 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. Equities analysts forecast that Louisiana-Pacific Co. will post 3.85 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.42%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s payout ratio is 42.45%.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the sale, the director now directly owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.53% of the company’s stock.

Wall Street Analyst Weigh In

LPX has been the subject of several research analyst reports. TD Cowen reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Louisiana-Pacific in a report on Thursday, January 11th. TheStreet downgraded Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. TD Securities lifted their target price on Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, February 15th. Truist Financial lifted their target price on Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Finally, DA Davidson reiterated a “buy” rating and set a $76.00 target price on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.71.

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.