Louisiana-Pacific Co. (NYSE:LPX) Shares Acquired by Barclays PLC

Barclays PLC raised its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 129.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,980 shares of the building manufacturing company's stock after acquiring an additional 46,891 shares during the quarter. Barclays PLC owned approximately 0.12% of Louisiana-Pacific worth $8,594,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LPX. Optimize Financial Inc acquired a new position in Louisiana-Pacific in the 4th quarter valued at $278,000. Townsquare Capital LLC grew its holdings in shares of Louisiana-Pacific by 15.5% during the fourth quarter. Townsquare Capital LLC now owns 5,844 shares of the building manufacturing company's stock worth $605,000 after buying an additional 786 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Louisiana-Pacific by 1.1% in the fourth quarter. Sterling Capital Management LLC now owns 98,834 shares of the building manufacturing company's stock valued at $10,234,000 after buying an additional 1,045 shares during the last quarter. Covestor Ltd lifted its stake in shares of Louisiana-Pacific by 142.6% in the fourth quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock worth $108,000 after buying an additional 613 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Louisiana-Pacific by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 55,875 shares of the building manufacturing company's stock worth $5,786,000 after acquiring an additional 467 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Wall Street Analyst Weigh In

LPX has been the topic of a number of research reports. Truist Financial decreased their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Loop Capital reduced 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. TD Securities dropped their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, BMO Capital Markets boosted their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $108.63.

Louisiana-Pacific Trading Down 0.5 %

Shares of LPX stock traded down $0.44 during trading hours on Friday, hitting $86.59. The company had a trading volume of 257,510 shares, compared to its average volume of 735,264. 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 $6.03 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The company's fifty day moving average is $91.19 and its 200 day moving average is $103.73. Louisiana-Pacific Co. has a fifty-two week low of $72.06 and a fifty-two week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company's quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $0.71 earnings per share. Research analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.28 dividend. This is a positive change 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 annualized dividend and a dividend yield of 1.29%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.05%.

Louisiana-Pacific Company 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.