Louisiana-Pacific Co. (NYSE:LPX) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,970 shares of the building manufacturing company's stock after acquiring an additional 14,075 shares during the period. Russell Investments Group Ltd. owned 0.31% of Louisiana-Pacific worth $22,260,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Miracle Mile Advisors LLC boosted its holdings in shares of Louisiana-Pacific by 269.7% in the 4th quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company's stock valued at $4,318,000 after buying an additional 30,418 shares in the last quarter. Truist Financial Corp boosted its stake in Louisiana-Pacific by 47.3% in the fourth quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company's stock valued at $1,010,000 after acquiring an additional 3,129 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new position in Louisiana-Pacific in the fourth quarter worth $259,000. Victory Capital Management Inc. increased its position in shares of Louisiana-Pacific by 23.8% during the fourth quarter. Victory Capital Management Inc. now owns 167,439 shares of the building manufacturing company's stock worth $17,338,000 after purchasing an additional 32,210 shares in the last quarter. Finally, New York Life Investment Management LLC purchased a new stake in shares of Louisiana-Pacific during the 4th quarter valued at $699,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

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Louisiana-Pacific Stock Performance

Shares of LPX traded up $0.68 during mid-day trading on Monday, reaching $87.06. The company had a trading volume of 71,095 shares, compared to its average volume of 669,316. The stock has a market capitalization of $6.07 billion, a P/E ratio of 14.81, a PEG ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a 52-week low of $71.39 and a 52-week high of $122.87. The stock has a 50 day moving average of $97.01 and a two-hundred day moving average of $105.27. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued 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. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million for the quarter, compared to analysts' expectations of $666.75 million. During the same quarter last year, the company earned $0.71 EPS. The business's revenue was up 3.5% on a year-over-year basis. On average, analysts expect 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 was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a $0.28 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio is 19.05%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LPX shares. BMO Capital Markets upped their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. DA Davidson dropped their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Loop Capital decreased their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a report on Monday, February 24th. Royal Bank of Canada reissued an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. Finally, Truist Financial raised their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $111.50.

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.