Janus Henderson Group PLC Boosts Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Janus Henderson Group PLC increased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 50.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,623 shares of the building manufacturing company's stock after buying an additional 38,101 shares during the quarter. Janus Henderson Group PLC owned 0.16% of Louisiana-Pacific worth $11,770,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LPX. Graham Capital Management L.P. lifted its position in Louisiana-Pacific by 206.3% during the 4th quarter. Graham Capital Management L.P. now owns 37,298 shares of the building manufacturing company's stock worth $3,862,000 after buying an additional 25,120 shares in the last quarter. Ethic Inc. boosted its stake in Louisiana-Pacific by 10.6% in the 4th quarter. Ethic Inc. now owns 3,257 shares of the building manufacturing company's stock valued at $337,000 after purchasing an additional 313 shares during the period. Ensign Peak Advisors Inc grew its stake in shares of Louisiana-Pacific by 26.2% in the fourth quarter. Ensign Peak Advisors Inc now owns 61,060 shares of the building manufacturing company's stock valued at $6,323,000 after acquiring an additional 12,658 shares in the last quarter. Eminence Capital LP grew its position in shares of Louisiana-Pacific by 7.7% during the 4th quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company's stock worth $149,641,000 after purchasing an additional 102,897 shares in the last quarter. Finally, Concentric Capital Strategies LP bought a new position in Louisiana-Pacific during the 4th quarter worth $2,796,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted 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. Truist Financial cut their price target 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. BMO Capital Markets upped 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. DA Davidson cut their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, TD Securities lowered their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $107.38.

Louisiana-Pacific Stock Down 0.8%

LPX stock traded down $0.75 during mid-day trading on Thursday, reaching $90.52. 111,102 shares of the company traded hands, compared to its average volume of 676,356. 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 firm's 50 day moving average price is $89.28 and its 200 day moving average price is $102.30. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a fifty-two week low of $78.82 and a fifty-two week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. The business had revenue of $724.00 million during the quarter, compared to analyst estimates of $711.66 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. Louisiana-Pacific's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.53 EPS. As a group, equities research analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be paid a $0.28 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.24%. Louisiana-Pacific's dividend payout ratio (DPR) is 19.65%.

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.