Invesco Ltd. Has $26.90 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Invesco Ltd. lowered its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,748 shares of the building manufacturing company's stock after selling 19,354 shares during the quarter. Invesco Ltd. owned 0.37% of Louisiana-Pacific worth $26,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Louisiana-Pacific by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock valued at $733,961,000 after acquiring an additional 132,891 shares in the last quarter. FMR LLC grew 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 purchasing an additional 540,703 shares in the last quarter. Norges Bank bought a new stake in shares of Louisiana-Pacific during the 4th quarter worth approximately $78,181,000. Bank of New York Mellon Corp boosted its holdings in shares of Louisiana-Pacific by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company's stock valued at $63,554,000 after buying an additional 19,772 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Louisiana-Pacific by 6.4% during the third quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company's stock worth $51,984,000 after buying an additional 30,297 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX traded up $1.68 during trading on Thursday, reaching $86.24. 73,854 shares of the company traded hands, compared to its average volume of 739,468. The firm has a market capitalization of $6.01 billion, a PE ratio of 14.67, a PEG ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a 52 week low of $72.06 and a 52 week high of $122.87. 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's 50 day moving average is $92.21 and its two-hundred day moving average is $104.04.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same period in the prior year, the company posted $0.71 earnings per share. The business's revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts predict 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. Shareholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. This is an increase 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 presently 19.05%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LPX. DA Davidson dropped their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. TD Securities dropped their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets lifted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Finally, Truist Financial reduced their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday. Two equities research 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. According to MarketBeat, Louisiana-Pacific presently has a consensus rating of "Hold" and a consensus target price of $108.63.

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.