Barclays PLC Grows Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Barclays PLC raised its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 129.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,980 shares of the building manufacturing company's stock after acquiring an additional 46,891 shares during the quarter. Barclays PLC owned approximately 0.12% of Louisiana-Pacific worth $8,594,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LPX. Vanguard Group Inc. increased its stake in Louisiana-Pacific by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock worth $733,961,000 after acquiring an additional 132,891 shares during the last quarter. FMR LLC raised its holdings in shares of Louisiana-Pacific by 17.1% in the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after acquiring an additional 540,703 shares in the last quarter. Norges Bank bought a new position in shares of Louisiana-Pacific during the fourth quarter valued at approximately $78,181,000. Bank of New York Mellon Corp lifted its stake in shares of Louisiana-Pacific by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company's stock worth $63,554,000 after purchasing an additional 19,772 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Louisiana-Pacific by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company's stock valued at $51,984,000 after buying an additional 30,297 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded down $1.39 during mid-day trading on Tuesday, hitting $85.79. 38,073 shares of the stock were exchanged, compared to its average volume of 731,293. Louisiana-Pacific Co. has a 12-month low of $72.06 and a 12-month high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 1.24 and a beta of 1.86. The stock's fifty day simple moving average is $90.90 and its two-hundred day simple moving average is $103.60.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data 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. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same period in the previous year, the business posted $0.71 earnings per share. Louisiana-Pacific's quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, February 27th. This is a boost 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 1.31%. Louisiana-Pacific's dividend payout ratio is 19.05%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LPX. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Truist Financial dropped their target price on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. DA Davidson reduced their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, TD Securities cut their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $108.63.

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.