Wellington Management Group LLP Decreases Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Wellington Management Group LLP cut its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 50.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,099 shares of the building manufacturing company's stock after selling 131,948 shares during the quarter. Wellington Management Group LLP owned about 0.19% of Louisiana-Pacific worth $13,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of LPX. Norges Bank bought a new stake in Louisiana-Pacific during the fourth quarter worth about $78,181,000. Principal Financial Group Inc. boosted its stake in Louisiana-Pacific by 215.0% in the fourth quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company's stock worth $48,686,000 after buying an additional 320,912 shares in the last quarter. State Street Corp boosted its stake in shares of Louisiana-Pacific by 10.8% in 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. Vanguard Group Inc. lifted its stake in Louisiana-Pacific by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock worth $733,961,000 after purchasing an additional 132,891 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in Louisiana-Pacific during the fourth quarter valued at about $9,171,000. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded up $1.05 during trading hours on Monday, reaching $87.43. The company had a trading volume of 29,216 shares, compared to its average volume of 751,494. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The business has a fifty day moving average price of $97.01 and a 200-day moving average price of $105.27. Louisiana-Pacific Co. has a one year low of $71.39 and a one year high of $122.87. The firm has a market cap of $6.09 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released 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. The company had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. Sell-side analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors 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%. The ex-dividend date was Thursday, February 27th. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio (DPR) is 19.05%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LPX shares. BMO Capital Markets increased their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Royal Bank of Canada restated an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Truist Financial increased their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, January 6th. 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 report on Thursday, February 20th. Finally, Loop Capital cut 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. Two analysts have rated the stock with a sell rating, five have given 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 $111.50.

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.