Price T Rowe Associates Inc. MD Has $199.70 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Price T Rowe Associates Inc. MD reduced its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,928,512 shares of the building manufacturing company's stock after selling 955,105 shares during the quarter. Price T Rowe Associates Inc. MD owned 2.75% of Louisiana-Pacific worth $199,698,000 at the end of the most recent quarter.

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

Louisiana-Pacific Stock Down 0.9 %

Shares of LPX traded down $0.75 during midday trading on Tuesday, hitting $86.43. The stock had a trading volume of 378,645 shares, compared to its average volume of 732,629. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The company has a 50 day simple moving average of $90.61 and a two-hundred day simple moving average of $103.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific Co. has a twelve month low of $72.06 and a twelve month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. On average, analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current 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 $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LPX shares. Loop Capital cut their price target 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 increased 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 reissued an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Truist Financial dropped their price target on shares of 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, TD Securities dropped their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $108.63.

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.