Louisiana-Pacific Co. (NYSE:LPX) Position Raised by Eminence Capital LP

Eminence Capital LP raised its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,445,106 shares of the building manufacturing company's stock after purchasing an additional 102,897 shares during the period. Louisiana-Pacific accounts for approximately 2.3% of Eminence Capital LP's investment portfolio, making the stock its 16th biggest holding. Eminence Capital LP owned about 2.06% of Louisiana-Pacific worth $149,641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LPX. Miracle Mile Advisors LLC lifted its stake 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 purchasing an additional 30,418 shares during the period. Truist Financial Corp grew its position in shares of Louisiana-Pacific by 47.3% during the 4th 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 during the period. Symphony Financial Ltd. Co. purchased a new position in shares of Louisiana-Pacific in the 4th quarter valued at about $259,000. Victory Capital Management Inc. raised its holdings in Louisiana-Pacific by 23.8% in the 4th 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 during the period. Finally, New York Life Investment Management LLC purchased a new position in Louisiana-Pacific during the fourth quarter worth approximately $699,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analysts Set New Price Targets

LPX has been the topic of several research analyst reports. 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 upgraded 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. Truist Financial reduced their target price on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. TD Securities lowered their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. Finally, BMO Capital Markets boosted their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $107.38.

Louisiana-Pacific Trading Up 4.1%

NYSE LPX traded up $3.70 during mid-day trading on Monday, hitting $94.31. The company's stock had a trading volume of 190,111 shares, compared to its average volume of 715,149. Louisiana-Pacific Co. has a 52-week low of $78.82 and a 52-week high of $122.87. The stock's fifty day simple moving average is $88.99 and its two-hundred day simple moving average is $102.69. The firm has a market capitalization of $6.56 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. 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 released its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company had revenue of $724.00 million for the quarter, compared to the consensus estimate of $711.66 million. During the same quarter last year, the business posted $1.53 EPS. Louisiana-Pacific's quarterly revenue was up .0% compared to the same quarter last year. Research analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

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.