Belpointe Asset Management LLC Buys Shares of 680 Louisiana-Pacific Co. (NYSE:LPX)

Belpointe Asset Management LLC bought a new stake in Louisiana-Pacific Co. (NYSE:LPX – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 680 shares of the building manufacturing company’s stock, valued at approximately $40,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LPX. Zions Bancorporation N.A. purchased a new stake in Louisiana-Pacific during the 1st quarter worth about $25,000. Sargent Bickham Lagudis LLC acquired a new position in shares of Louisiana-Pacific during the 4th quarter worth about $40,000. Atlas Capital Advisors LLC acquired a new position in shares of Louisiana-Pacific during the 2nd quarter worth about $42,000. Sittner & Nelson LLC acquired a new position in shares of Louisiana-Pacific during the 4th quarter worth about $54,000. Finally, Ellevest Inc. boosted its position in shares of Louisiana-Pacific by 66.8% during the 4th quarter. Ellevest Inc. now owns 1,248 shares of the building manufacturing company’s stock worth $74,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. DA Davidson upped their target price on Louisiana-Pacific from $60.00 to $65.00 in a research report on Thursday, May 4th. StockNews.com cut Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Truist Financial decreased their target price on Louisiana-Pacific from $49.00 to $47.00 and set a “hold” rating for the company in a research report on Monday, February 27th. Finally, TD Securities raised Louisiana-Pacific from a “hold” rating to a “buy” rating and upped their target price for the company from $63.00 to $75.00 in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.60.

Louisiana-Pacific Stock Up 1.8 %

Louisiana-Pacific stock opened at $59.49 on Friday. Louisiana-Pacific Co. has a twelve month low of $48.20 and a twelve month high of $74.41. The stock has a 50 day moving average of $58.58 and a two-hundred day moving average of $60.88. The company has a current ratio of 3.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 7.47 and a beta of 1.64.

Louisiana-Pacific (NYSE:LPX – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The building manufacturing company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.27. Louisiana-Pacific had a return on equity of 37.43% and a net margin of 19.05%. The company had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $618.23 million. During the same period last year, the firm earned $5.08 EPS. The firm’s revenue for the quarter was down 56.3% on a year-over-year basis. As a group, research analysts expect that Louisiana-Pacific Co. will post 2.53 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, May 12th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Thursday, May 11th. Louisiana-Pacific’s dividend payout ratio (DPR) is 12.06%.

About Louisiana-Pacific

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Louisiana-Pacific Corp. engages in the provision of building solutions. It operates through the following segments: Siding, Oriented Strand Board (OSB), South America, and Other. The Siding segment offers engineered wood siding under the brands of LP, SmartSide, Trim and Siding LP, SmartSide, ExpertFinish, Trim and Siding, LP BuilderSeries, Lap Siding, and Outdoor Building Solutions.