Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,699,355 shares of the building manufacturing company’s stock after selling 25,311 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.42% of Louisiana-Pacific worth $175,970,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Louisiana-Pacific by 1.9% during 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 buying an additional 132,891 shares in the last quarter. FMR LLC lifted its holdings in Louisiana-Pacific by 17.1% during 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 acquired a new stake in shares of Louisiana-Pacific in the fourth quarter valued at about $78,181,000. Bank of New York Mellon Corp increased its stake in shares of Louisiana-Pacific by 3.3% during the fourth quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company’s stock worth $63,554,000 after purchasing an additional 19,772 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Louisiana-Pacific by 6.4% during the 3rd quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company’s stock worth $51,984,000 after purchasing an additional 30,297 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $84.55 on Thursday. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $92.21 and a 200 day moving average price of $104.04. Louisiana-Pacific Co. has a 12-month low of $72.06 and a 12-month high of $122.87. The stock has a market cap of $5.89 billion, a P/E ratio of 14.38, a PEG ratio of 1.24 and a beta of 1.86.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results 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 business had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same quarter last year, the firm earned $0.71 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio is 19.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. BMO Capital Markets lifted their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. TD Securities dropped their price target 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. DA Davidson decreased their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Truist Financial dropped 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. 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. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Hold” and a consensus target price of $108.63.

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.