Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. cut its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 646,197 shares of the building manufacturing company's stock after selling 64,008 shares during the period. T. Rowe Price Investment Management Inc. owned 0.92% of Louisiana-Pacific worth $66,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Pinebridge Investments L.P. boosted its stake in Louisiana-Pacific by 61.9% during the fourth quarter. Pinebridge Investments L.P. now owns 22,754 shares of the building manufacturing company's stock worth $2,356,000 after buying an additional 8,701 shares during the last quarter. Southernsun Asset Management LLC boosted its stake in Louisiana-Pacific by 1.1% during the fourth quarter. Southernsun Asset Management LLC now owns 484,363 shares of the building manufacturing company's stock worth $50,156,000 after buying an additional 5,457 shares during the last quarter. Stifel Financial Corp acquired a new position in Louisiana-Pacific during the fourth quarter worth $3,636,000. TD Waterhouse Canada Inc. boosted its stake in Louisiana-Pacific by 31.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,681 shares of the building manufacturing company's stock worth $174,000 after buying an additional 399 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Louisiana-Pacific by 86.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,407 shares of the building manufacturing company's stock worth $871,000 after buying an additional 3,899 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LPX has been the subject of a number of research analyst reports. DA Davidson lowered their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. TD Securities decreased their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Finally, Truist Financial decreased their target price on shares of 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 analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $108.63.

Louisiana-Pacific Stock Up 1.0 %

Shares of LPX stock traded up $0.85 during trading hours on Thursday, reaching $87.16. 223,014 shares of the stock were exchanged, compared to its average volume of 731,531. The business's fifty day moving average is $90.36 and its two-hundred day moving average is $103.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific Co. has a 12-month low of $72.06 and a 12-month high of $122.87. The firm has a market capitalization of $6.07 billion, a P/E ratio of 14.82, a P/E/G ratio of 1.24 and a beta of 1.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share 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 analyst estimates of $666.75 million. During the same period in the prior year, the firm earned $0.71 earnings per share. The business's quarterly revenue was up 3.5% compared to the same quarter last year. As a group, research analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders 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. This represents a $1.12 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio is currently 19.05%.

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.