Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. cut its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 646,197 shares of the building manufacturing company's stock after selling 64,008 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.92% of Louisiana-Pacific worth $66,914,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

LPX has been the subject of several recent analyst reports. Truist Financial reduced their target price 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. BMO Capital Markets lifted their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Royal Bank of Canada reissued an "outperform" rating and set a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Loop Capital decreased their price target on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, February 24th. Finally, TD Securities cut their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Louisiana-Pacific has an average rating of "Hold" and a consensus target price of $108.63.

Louisiana-Pacific Price Performance

LPX traded up $0.67 during trading on Monday, reaching $87.20. 426,723 shares of the stock were exchanged, compared to its average volume of 734,030. Louisiana-Pacific Co. has a 1 year low of $72.06 and a 1 year high of $122.87. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.24 and a beta of 1.86. The business's 50 day moving average price is $90.90 and its two-hundred day moving average price is $103.60. 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 (NYSE:LPX - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business's revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 earnings per share. As a group, equities research analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared 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. The ex-dividend date was Thursday, February 27th. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.28%. Louisiana-Pacific's payout ratio is 19.05%.

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.