Vanguard Group Inc. Grows Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Vanguard Group Inc. increased its stake in Louisiana-Pacific Co. (NYSE:LPX) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,087,989 shares of the building manufacturing company’s stock after buying an additional 132,891 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Louisiana-Pacific worth $733,961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of Louisiana-Pacific by 25.2% during the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after acquiring an additional 638,058 shares in the last quarter. Principal Financial Group Inc. increased its stake in Louisiana-Pacific by 215.0% during the 4th quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company’s stock valued at $48,686,000 after purchasing an additional 320,912 shares in the last quarter. State Street Corp raised its holdings in Louisiana-Pacific by 10.8% in the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock worth $231,529,000 after buying an additional 210,113 shares during the last quarter. Bamco Inc. NY lifted its stake in shares of Louisiana-Pacific by 65.7% in the third quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company’s stock worth $55,500,000 after buying an additional 204,828 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Louisiana-Pacific during the fourth quarter valued at approximately $9,171,000. Institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

LPX has been the topic of several analyst reports. Loop Capital lowered their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, February 20th. BMO Capital Markets lifted their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Truist Financial raised their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, TD Securities reduced their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $111.50.

Louisiana-Pacific Trading Down 1.9 %

Shares of Louisiana-Pacific stock opened at $91.67 on Monday. Louisiana-Pacific Co. has a 1-year low of $71.39 and a 1-year high of $122.87. The company’s fifty day simple moving average is $103.96 and its 200-day simple moving average is $106.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The stock has a market capitalization of $6.39 billion, a PE ratio of 15.59, a P/E/G ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same period in the previous year, the business earned $0.71 earnings per share. Louisiana-Pacific’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.22%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.05%.

Louisiana-Pacific 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.