Louisiana-Pacific Co. (NYSE:LPX) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 217.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,786 shares of the building manufacturing company's stock after purchasing an additional 99,172 shares during the period. Envestnet Asset Management Inc. owned about 0.21% of Louisiana-Pacific worth $14,993,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LPX. Hanseatic Management Services Inc. lifted its stake in shares of Louisiana-Pacific by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock valued at $97,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System raised its holdings in Louisiana-Pacific by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock valued at $1,802,000 after acquiring an additional 100 shares during the last quarter. Woodmont Investment Counsel LLC lifted its stake in shares of Louisiana-Pacific by 3.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock worth $337,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Louisiana-Pacific by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock worth $228,000 after purchasing an additional 114 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in shares of Louisiana-Pacific by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company's stock valued at $242,000 after purchasing an additional 124 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LPX shares. DA Davidson reduced their target price on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. Loop Capital decreased 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 report on Monday, February 24th. BMO Capital Markets upped their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Finally, Truist Financial decreased their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $108.63.

Louisiana-Pacific Trading Up 2.0 %

LPX traded up $1.65 during trading on Tuesday, hitting $84.01. 502,435 shares of the company's stock were exchanged, compared to its average volume of 742,060. The stock has a 50 day moving average price of $92.77 and a 200 day moving average price of $104.17. Louisiana-Pacific Co. has a 1 year low of $72.06 and a 1 year high of $122.87. 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 firm has a market cap of $5.85 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping 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 firm had revenue of $681.00 million during the quarter, compared to analysts' expectations of $666.75 million. During the same period in the prior year, the company earned $0.71 EPS. The firm's revenue was up 3.5% on a year-over-year basis. As a group, analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a dividend of $0.28 per share. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.05%.

Louisiana-Pacific 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.