Rhumbline Advisers Grows Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Rhumbline Advisers raised its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,789 shares of the building manufacturing company's stock after acquiring an additional 9,289 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Louisiana-Pacific worth $18,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Coldstream Capital Management Inc. raised its holdings in Louisiana-Pacific by 2.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock valued at $383,000 after acquiring an additional 95 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Louisiana-Pacific by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock worth $1,802,000 after buying an additional 100 shares in the last quarter. Woodmont Investment Counsel LLC boosted its position in shares of Louisiana-Pacific by 3.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock valued at $337,000 after acquiring an additional 100 shares during the period. CIBC Asset Management Inc grew its stake in 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 valued at $228,000 after acquiring an additional 114 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in Louisiana-Pacific by 5.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company's stock valued at $242,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Wednesday, May 7th. DA Davidson lowered their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada lifted their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial cut their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $107.38.

Louisiana-Pacific Price Performance

NYSE:LPX traded down $1.79 during mid-day trading on Tuesday, reaching $90.68. The stock had a trading volume of 1,710,924 shares, compared to its average volume of 697,702. The stock has a market capitalization of $6.31 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.24 and a beta of 1.89. The firm has a 50 day moving average price of $88.89 and a two-hundred day moving average price of $100.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. Louisiana-Pacific Co. has a one year low of $78.82 and a one year high of $122.87.

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

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio is presently 19.65%.

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.