5 Dividend Stocks to Buy According to Billionaire Kerr Neilson

In this article, we will discuss the 5 dividend stocks to buy according to billionaire Kerr Neilson.  If you want to read our detailed analysis of these stocks, you can go directly to 10 Dividend Stocks to Buy According to Billionaire Kerr Neilson.

5. Louisiana-Pacific Corporation (NYSE:LPX)

Platinum Asset Management’s Stake Value: $83,428,000

Percentage of Platinum Asset Management’s 13F Portfolio: 2.34%

Dividend Yield as of January 7: 0.94%

Louisiana-Pacific Corporation (NYSE:LPX) is a manufacturer and seller of building products for the construction, remodeling, and repair of houses and other outdoor structures. The Nashville, Tennessee-based company has mastered the production of oriented strand board (OSB) panels and engineered wood building products in the US. The company is the world’s biggest producer of OSB.

Louisiana-Pacific Corporation (NYSE:LPX) reported its Q3 2021 results on November 2. The company reported revenues of $1.22 billion as opposed to the estimate of $1.11 billion. Meanwhile, the adjusted EPS for the quarter was $3.87, compared to the analysts’ forecast of $3.42.

L1 Capital shared its stance on Louisiana-Pacific Corporation (NYSE:LPX) in its Q3 2021 investor letter. Here’s what the firm said:

“We reinvested the proceeds from the partial sale of Eagle Materials by increasing the Fund’s position in Louisiana-Pacific Corporation. We expect the company to deliver strong earnings and cashflow over coming years, and the company remains undervalued at its current share price.”