Wealth Enhancement Advisory Services LLC Has $4.25 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 535.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,993 shares of the building manufacturing company's stock after buying an additional 34,537 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.06% of Louisiana-Pacific worth $4,245,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. raised its position in shares of Louisiana-Pacific by 1,736.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock worth $92,299,000 after purchasing an additional 842,809 shares during the period. Norges Bank acquired a new stake in Louisiana-Pacific in the fourth quarter worth $78,181,000. FMR LLC lifted its stake in Louisiana-Pacific by 17.1% in the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after buying an additional 540,703 shares during the last quarter. Palestra Capital Management LLC acquired a new position in shares of Louisiana-Pacific during the fourth quarter valued at $34,521,000. Finally, Principal Financial Group Inc. grew its position in shares of Louisiana-Pacific by 215.0% during the fourth quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company's stock worth $48,686,000 after acquiring an additional 320,912 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Analyst Upgrades and Downgrades

LPX has been the topic of several analyst reports. DA Davidson lowered 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. BMO Capital Markets increased their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Truist Financial cut their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada increased their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating 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 assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $107.38.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock traded up $0.24 on Thursday, hitting $92.48. The company's stock had a trading volume of 562,564 shares, compared to its average volume of 701,186. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $88.83 and a 200-day moving average price of $101.03. Louisiana-Pacific Co. has a one year low of $78.82 and a one year high of $122.87. The firm has a market cap of $6.44 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $711.66 million. During the same period last year, the business earned $1.53 earnings per share. The business's revenue was up .0% on a year-over-year basis. On average, equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.21%. Louisiana-Pacific's dividend payout ratio is 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.