Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 50.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,099 shares of the building manufacturing company's stock after selling 131,948 shares during the period. Wellington Management Group LLP owned about 0.19% of Louisiana-Pacific worth $13,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LPX. Mirae Asset Global Investments Co. Ltd. purchased a new position in Louisiana-Pacific in the fourth quarter worth approximately $35,000. First Horizon Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 56.2% in the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after purchasing an additional 259 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of Louisiana-Pacific by 1,184.9% during the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after purchasing an additional 865 shares during the last quarter. Covestor Ltd lifted its position in shares of Louisiana-Pacific by 142.6% during the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock worth $108,000 after purchasing an additional 613 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Louisiana-Pacific by 136.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,521 shares of the building manufacturing company's stock worth $158,000 after purchasing an additional 879 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Trading Up 2.3%

Shares of LPX stock traded up $2.07 during trading hours on Tuesday, hitting $91.28. 873,797 shares of the company were exchanged, compared to its average volume of 706,023. The firm has a fifty day moving average of $88.86 and a 200 day moving average of $101.16. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 1 year low of $78.82 and a 1 year high of $122.87. The firm has a market cap of $6.35 billion, a PE ratio of 15.52, a PEG ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping 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 business had revenue of $724.00 million for the quarter, compared to analyst estimates of $711.66 million. During the same period last year, the company posted $1.53 EPS. The business's quarterly revenue was up .0% on a year-over-year basis. Analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.23%. Louisiana-Pacific's dividend payout ratio (DPR) is 19.65%.

Analysts Set New Price Targets

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