Mitsubishi UFJ Trust & Banking Corp Raises Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 328.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,262 shares of the building manufacturing company's stock after acquiring an additional 9,399 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Louisiana-Pacific were worth $1,270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Louisiana-Pacific during the 4th quarter valued at about $35,000. Versant Capital Management Inc raised its holdings in Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after buying an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Louisiana-Pacific by 65.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock worth $61,000 after buying an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after buying an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

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Louisiana-Pacific Price Performance

Shares of LPX stock traded down $1.13 on Friday, hitting $86.08. 987,744 shares of the stock traded hands, compared to its average volume of 757,972. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.24 and a beta of 2.02. 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 firm has a 50 day simple moving average of $101.38 and a two-hundred day simple moving average of $106.28. 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 posted its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $666.75 million. During the same period in the previous year, the firm earned $0.71 EPS. The firm's revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.30%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.05%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LPX. Truist Financial upped their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, January 6th. DA Davidson dropped their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. TD Securities decreased their target price on 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 target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific 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.