Principal Financial Group Inc. Boosts Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Principal Financial Group Inc. lifted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 215.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 470,167 shares of the building manufacturing company's stock after purchasing an additional 320,912 shares during the period. Principal Financial Group Inc. owned about 0.67% of Louisiana-Pacific worth $48,686,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Monument Capital Management purchased a new stake in Louisiana-Pacific during the 4th quarter valued at $2,382,000. Csenge Advisory Group purchased a new stake in Louisiana-Pacific during the 4th quarter valued at $452,000. Manchester Capital Management LLC purchased a new stake in Louisiana-Pacific during the 4th quarter valued at $349,000. Van ECK Associates Corp boosted its position in Louisiana-Pacific by 51.2% during the 4th quarter. Van ECK Associates Corp now owns 58,149 shares of the building manufacturing company's stock valued at $6,021,000 after buying an additional 19,681 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in Louisiana-Pacific by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock valued at $1,802,000 after buying an additional 100 shares during the period. Institutional investors own 94.73% of the company's stock.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. 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 price target 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. Royal Bank of Canada reissued an "outperform" rating and set a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday. The Goldman Sachs Group raised their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Finally, BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $108.00.

Louisiana-Pacific Stock Down 2.1 %

Shares of Louisiana-Pacific stock traded down $2.11 during trading on Friday, hitting $98.78. The company's stock had a trading volume of 995,005 shares, compared to its average volume of 647,669. 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 company has a fifty day simple moving average of $110.24 and a two-hundred day simple moving average of $106.49. The company has a market capitalization of $6.88 billion, a PE ratio of 16.80, a P/E/G ratio of 1.24 and a beta of 1.95. Louisiana-Pacific Co. has a 52 week low of $67.47 and a 52 week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly 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%. Louisiana-Pacific's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. Equities research analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.28 per share. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is currently 17.69%.

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.