T. Rowe Price Investment Management Inc. Buys 38,801 Shares of Louisiana-Pacific Corporation $LPX

Key Points

• T. Rowe Price Investment Management Inc. has increased its stake in Louisiana-Pacific Corporation by 6.0%, now owning 684,998 shares valued at approximately $63 million as of its latest SEC filing.
• Louisiana-Pacific recently declared a quarterly dividend of $0.28 per share, with an annualized yield of 1.1% and a dividend payout ratio of 26.42%.
• Shares of Louisiana-Pacific have seen a recent trading increase of 7.6%, with the stock priced at $99.43 and a market cap of $6.92 billion.

T. Rowe Price Investment Management Inc. grew its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 6.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 684,998 shares of the building manufacturing company's stock after purchasing an additional 38,801 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 0.98% of Louisiana-Pacific worth $63,007,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock valued at $52,000 after purchasing an additional 242 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Louisiana-Pacific by 41.5% during the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock valued at $96,000 after purchasing an additional 305 shares during the last quarter. GeoWealth Management LLC lifted its stake in shares of Louisiana-Pacific by 1,184.9% in the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after buying an additional 865 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Louisiana-Pacific by 67.2% during the first quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock valued at $111,000 after buying an additional 484 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Louisiana-Pacific by 31.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,681 shares of the building manufacturing company's stock valued at $174,000 after buying an additional 399 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

LPX stock traded down $0.5460 on Monday, hitting $98.9340. The company had a trading volume of 883,693 shares, compared to its average volume of 977,737. Louisiana-Pacific Corporation has a 12-month low of $78.82 and a 12-month high of $122.87. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The stock's 50-day simple moving average is $91.27 and its 200 day simple moving average is $92.17. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 2.22 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. The company had revenue of $755.00 million for the quarter, compared to analysts' expectations of $751.15 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The firm's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the company posted $2.09 earnings per share. As a group, equities research analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 15th. Louisiana-Pacific's dividend payout ratio (DPR) is currently 26.42%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LPX shares. DA Davidson reduced their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Truist Financial reduced their price target on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada raised their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $106.13.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the sale, the director directly owned 29,728 shares in the company, valued at $3,002,528. This trade represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lizanne C. Gottung sold 1,179 shares of Louisiana-Pacific stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the completion of the sale, the director owned 18,838 shares in the company, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

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.