Vanguard Group Inc. Increases Stake in Louisiana-Pacific Co. (NYSE:LPX)

Vanguard Group Inc. lifted its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,087,989 shares of the building manufacturing company's stock after purchasing an additional 132,891 shares during the period. Vanguard Group Inc. owned 10.09% of Louisiana-Pacific worth $733,961,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LPX. FMR LLC lifted its holdings in Louisiana-Pacific by 25.2% during the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company's stock valued at $340,427,000 after purchasing an additional 638,058 shares during the last quarter. State Street Corp lifted its position in shares of Louisiana-Pacific by 10.8% during the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock worth $231,529,000 after acquiring an additional 210,113 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Louisiana-Pacific by 3.3% in the fourth quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company's stock worth $63,554,000 after acquiring an additional 19,772 shares during the period. Bamco Inc. NY grew its position in shares of Louisiana-Pacific by 65.7% in the third quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company's stock valued at $55,500,000 after purchasing an additional 204,828 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Louisiana-Pacific by 6.4% in the third quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company's stock valued at $51,984,000 after purchasing an additional 30,297 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LPX shares. 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. Loop Capital lowered their target price on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, February 24th. DA Davidson cut their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. TD Securities decreased their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Louisiana-Pacific currently has an average rating of "Hold" and an average price target of $111.50.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock traded down $1.13 during trading on Friday, hitting $86.08. 987,744 shares of the stock traded hands, compared to its average volume of 758,397. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.24 and a beta of 2.02. 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 Co. has a 52 week low of $71.39 and a 52 week high of $122.87. The firm's fifty day moving average is $101.38 and its 200-day moving average is $106.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to analysts' expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business's quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. Research analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Thursday, February 27th. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio (DPR) is presently 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.