Louisiana-Pacific Co. (NYSE:LPX) Stock Position Raised by Prudential PLC

Prudential PLC raised its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 19.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 35,248 shares of the building manufacturing company's stock after buying an additional 5,691 shares during the quarter. Prudential PLC owned approximately 0.05% of Louisiana-Pacific worth $3,650,000 as of its most recent SEC filing.

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

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Analyst Upgrades and Downgrades

LPX has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. DA Davidson cut their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Truist Financial increased their target price 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. BMO Capital Markets boosted their price target 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, February 20th. Finally, TD Securities reduced 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 note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific presently has an average rating of "Hold" and an average price target of $111.50.

Louisiana-Pacific Price Performance

Shares of LPX traded up $0.56 during mid-day trading on Friday, hitting $86.20. The company's stock had a trading volume of 469,340 shares, compared to its average volume of 754,678. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a fifty-two week low of $71.39 and a fifty-two week high of $122.87. 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 moving average price of $97.62 and a 200 day moving average price of $105.41.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly 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%. The firm's revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. On average, research analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.30%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio is currently 19.05%.

About Louisiana-Pacific

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.