Dimensional Fund Advisors LP Has $175.97 Million Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Dimensional Fund Advisors LP trimmed its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,699,355 shares of the building manufacturing company's stock after selling 25,311 shares during the period. Dimensional Fund Advisors LP owned 2.42% of Louisiana-Pacific worth $175,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LPX. First Trust Advisors LP raised its position in shares of Louisiana-Pacific by 28.4% in the fourth quarter. First Trust Advisors LP now owns 293,822 shares of the building manufacturing company's stock valued at $30,425,000 after purchasing an additional 65,040 shares during the period. GeoWealth Management LLC grew its stake in Louisiana-Pacific by 1,184.9% in the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after buying an additional 865 shares during the last quarter. Greenhaven Road Investment Management L.P. raised its holdings in Louisiana-Pacific by 7.4% in 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 acquiring an additional 10,500 shares during the period. CANADA LIFE ASSURANCE Co lifted its position 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 worth $6,074,000 after acquiring an additional 8,540 shares during the last quarter. Finally, Global Endowment Management LP bought a new stake in Louisiana-Pacific during the fourth quarter valued at about $1,835,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Louisiana-Pacific Price Performance

Shares of LPX stock traded down $1.24 during mid-day trading on Tuesday, reaching $85.94. The company's stock had a trading volume of 67,390 shares, compared to its average volume of 731,396. The firm's 50-day moving average is $90.90 and its two-hundred day moving average is $103.60. The company has a market cap of $5.99 billion, a P/E ratio of 14.61, a PEG ratio of 1.24 and a beta of 1.86. 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 quick ratio of 1.69 and a current ratio of 2.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly 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 firm had revenue of $681.00 million during 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 quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. On average, research analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.28 dividend. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. This represents a $1.12 annualized dividend and a yield of 1.30%. Louisiana-Pacific's payout ratio is currently 19.05%.

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.