Louisiana-Pacific Co. (NYSE:LPX) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc increased its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,060 shares of the building manufacturing company's stock after acquiring an additional 12,658 shares during the period. Ensign Peak Advisors Inc owned approximately 0.09% of Louisiana-Pacific worth $6,323,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LPX. Barclays PLC grew its holdings in shares of Louisiana-Pacific by 20.0% during the third quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company's stock worth $3,877,000 after purchasing an additional 6,011 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings 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 purchasing an additional 232 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in 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 in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Louisiana-Pacific by 46.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 33,617 shares of the building manufacturing company's stock valued at $3,481,000 after purchasing an additional 10,662 shares in the last quarter. Finally, Burney Co. boosted its holdings in Louisiana-Pacific by 13.3% in the 4th quarter. Burney Co. now owns 2,963 shares of the building manufacturing company's stock valued at $307,000 after purchasing an additional 347 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Up 2.0%

NYSE:LPX traded up $1.91 on Friday, reaching $95.35. The stock had a trading volume of 793,910 shares, compared to its average volume of 706,621. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $89.16 and a 200 day moving average of $102.44. The stock has a market cap of $6.64 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a 12-month low of $78.82 and a 12-month high of $122.87.

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

Louisiana-Pacific Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on LPX. 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 note on Thursday, February 20th. TD Securities decreased 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. Truist Financial decreased their price target on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $107.38.

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.