Louisiana-Pacific Co. (NYSE:LPX) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,822 shares of the building manufacturing company's stock after buying an additional 65,040 shares during the quarter. First Trust Advisors LP owned 0.42% of Louisiana-Pacific worth $30,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LPX. GeoWealth Management LLC grew its stake in shares of Louisiana-Pacific by 1,184.9% during the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after acquiring an additional 865 shares during the last quarter. Greenhaven Road Investment Management L.P. grew its position in Louisiana-Pacific by 7.4% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 151,617 shares of the building manufacturing company's stock worth $15,700,000 after purchasing an additional 10,500 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Louisiana-Pacific by 17.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 58,669 shares of the building manufacturing company's stock valued at $6,074,000 after purchasing an additional 8,540 shares in the last quarter. Global Endowment Management LP purchased a new position in shares of Louisiana-Pacific in the fourth quarter worth $1,835,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Louisiana-Pacific by 272.2% in the fourth quarter. NewEdge Advisors LLC now owns 22,183 shares of the building manufacturing company's stock worth $2,297,000 after buying an additional 16,223 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on LPX. Royal Bank of Canada reissued an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research report on Thursday, February 20th. TD Securities decreased their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. DA Davidson dropped 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 reduced their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, February 24th. Finally, Truist Financial dropped their price objective on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $108.63.

Louisiana-Pacific Stock Performance

LPX stock traded down $0.25 during midday trading on Wednesday, hitting $86.21. 912,777 shares of the stock traded hands, compared to its average volume of 733,520. Louisiana-Pacific Co. has a 1-year low of $72.06 and a 1-year high of $122.87. 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 stock's fifty day simple moving average is $90.36 and its 200-day simple moving average is $103.37. The firm has a market cap of $6.01 billion, a P/E ratio of 14.66, a PEG ratio of 1.24 and a beta of 1.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. On average, analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.30%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio is presently 19.05%.

About Louisiana-Pacific

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.