Royal Bank of Canada Purchases 19,411 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Royal Bank of Canada raised its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 155,151 shares of the building manufacturing company's stock after acquiring an additional 19,411 shares during the quarter. Royal Bank of Canada owned 0.22% of Louisiana-Pacific worth $16,067,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in LPX. Redwood Investment Management LLC acquired a new stake in shares of Louisiana-Pacific in the 4th quarter worth approximately $1,427,000. Point72 Asset Management L.P. boosted its position in Louisiana-Pacific by 430.3% during the fourth quarter. Point72 Asset Management L.P. now owns 375,900 shares of the building manufacturing company's stock worth $38,924,000 after purchasing an additional 305,021 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Louisiana-Pacific in the fourth quarter valued at $2,617,000. ProShare Advisors LLC increased its position in shares of Louisiana-Pacific by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 2,925 shares of the building manufacturing company's stock valued at $303,000 after buying an additional 198 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of Louisiana-Pacific during the 4th quarter worth $307,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

Shares of LPX traded down $0.25 during trading hours on Friday, reaching $90.24. 74,138 shares of the company's stock traded hands, compared to its average volume of 705,088. Louisiana-Pacific Co. has a twelve month low of $78.82 and a twelve month high of $122.87. The business's fifty day simple moving average is $89.07 and its two-hundred day simple moving average is $101.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $711.66 million. During the same quarter in the prior year, the company earned $1.53 earnings per share. The firm's revenue was up .0% on a year-over-year basis. Analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LPX. Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Wednesday, May 7th. BMO Capital Markets increased their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. TD Securities cut their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Finally, DA Davidson reduced their price objective 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $107.38.

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.