4,901 Shares in Louisiana-Pacific Co. (NYSE:LPX) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,901 shares of the building manufacturing company's stock, valued at approximately $507,000.

A number of other hedge funds have also bought and sold shares of LPX. FMR LLC grew its holdings in Louisiana-Pacific by 25.2% during the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company's stock worth $340,427,000 after acquiring an additional 638,058 shares during the period. State Street Corp boosted its position in shares of Louisiana-Pacific by 10.8% during the 3rd quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock valued at $231,529,000 after purchasing an additional 210,113 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Louisiana-Pacific by 11,417.9% in the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company's stock worth $118,895,000 after purchasing an additional 1,096,804 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Louisiana-Pacific by 32.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company's stock worth $71,192,000 after purchasing an additional 162,976 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Louisiana-Pacific by 3.3% in the fourth quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company's stock valued at $63,554,000 after buying an additional 19,772 shares during the period. Institutional investors own 94.73% of the company's stock.

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Analyst Upgrades and Downgrades

LPX has been the subject of several research analyst reports. Loop Capital lowered their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, February 24th. BMO Capital Markets lifted 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 note on Thursday, February 20th. Truist Financial upped their price objective 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. Royal Bank of Canada restated an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, DA Davidson dropped their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Two research 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $111.50.

Louisiana-Pacific Stock Down 0.5 %

NYSE LPX traded down $0.45 during trading hours on Wednesday, hitting $94.71. The company's stock had a trading volume of 388,778 shares, compared to its average volume of 670,143. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The company's 50-day simple moving average is $105.26 and its two-hundred day simple moving average is $106.60. The company has a market capitalization of $6.60 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. Louisiana-Pacific Co. has a 52 week low of $71.39 and a 52 week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.24. The company had revenue of $681.00 million for the quarter, compared to analysts' expectations of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. Louisiana-Pacific's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Research analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal 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 given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.18%. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio (DPR) is currently 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.