First Trust Advisors LP Increases Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

First Trust Advisors LP grew its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 28.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 293,822 shares of the building manufacturing company's stock after acquiring an additional 65,040 shares during the period. First Trust Advisors LP owned about 0.42% of Louisiana-Pacific worth $30,425,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. GeoWealth Management LLC lifted its holdings in Louisiana-Pacific by 1,184.9% in the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after buying an additional 865 shares during the period. Greenhaven Road Investment Management L.P. raised its holdings in shares of Louisiana-Pacific by 7.4% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 151,617 shares of the building manufacturing company's stock valued at $15,700,000 after acquiring an additional 10,500 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Louisiana-Pacific by 17.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 58,669 shares of the building manufacturing company's stock worth $6,074,000 after acquiring an additional 8,540 shares during the period. Global Endowment Management LP bought a new stake in Louisiana-Pacific in the fourth quarter valued at $1,835,000. Finally, NewEdge Advisors LLC increased its position in Louisiana-Pacific by 272.2% during the 4th quarter. NewEdge Advisors LLC now owns 22,183 shares of the building manufacturing company's stock valued at $2,297,000 after purchasing an additional 16,223 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Up 0.8 %

Shares of NYSE:LPX traded up $0.67 on Monday, hitting $87.20. 426,723 shares of the company traded hands, compared to its average volume of 734,030. The company has a market cap of $6.08 billion, a PE ratio of 14.83, a PEG ratio of 1.24 and a beta of 1.86. The stock has a 50 day simple moving average of $91.19 and a 200-day simple moving average of $103.73. Louisiana-Pacific Co. has a 52 week low of $72.06 and a 52 week high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21.

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

Louisiana-Pacific Increases Dividend

The firm 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 represents a $1.12 annualized dividend and a yield of 1.28%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is currently 19.05%.

Wall Street Analyst Weigh In

LPX has been the subject of several research analyst reports. TD Securities dropped their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. BMO Capital Markets raised their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Truist Financial lowered their target price on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, DA Davidson decreased their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $108.63.

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.