Ameriprise Financial Inc. Acquires 22,072 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Ameriprise Financial Inc. increased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,917 shares of the building manufacturing company's stock after buying an additional 22,072 shares during the quarter. Ameriprise Financial Inc. owned about 0.30% of Louisiana-Pacific worth $21,944,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Louisiana-Pacific in the 4th quarter valued at $35,000. Harbor Capital Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 232 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 259 shares in the last quarter. Finally, Hanseatic Management Services Inc. boosted its holdings in shares of Louisiana-Pacific by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock valued at $97,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Analyst Ratings Changes

LPX has been the topic of a number of research analyst reports. TD Securities reduced their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada raised their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets raised 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. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a report on Wednesday, May 7th. Finally, Truist Financial cut their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $107.38.

Louisiana-Pacific Trading Up 2.0%

NYSE:LPX traded up $1.91 during trading hours on Friday, hitting $95.35. 793,910 shares of the company were exchanged, compared to its average volume of 705,825. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a one year low of $78.82 and a one year high of $122.87. The company has a fifty day simple moving average of $89.16 and a 200 day simple moving average of $102.46.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.14. The business had revenue of $724.00 million during the quarter, compared to analyst estimates of $711.66 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. Louisiana-Pacific's revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $1.53 EPS. Sell-side analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

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.