Vanguard Personalized Indexing Management LLC lifted its stake in Louisiana-Pacific Co. (NYSE:LPX – Free Report) by 21.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,229 shares of the building manufacturing company’s stock after purchasing an additional 1,115 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Louisiana-Pacific were worth $338,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Louisiana-Pacific during the fourth quarter worth $202,000. Natixis increased its holdings in shares of Louisiana-Pacific by 21.5% in the fourth quarter. Natixis now owns 369,899 shares of the building manufacturing company’s stock valued at $21,898,000 after purchasing an additional 65,500 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of Louisiana-Pacific by 7.2% in the first quarter. Valeo Financial Advisors LLC now owns 8,255 shares of the building manufacturing company’s stock worth $448,000 after purchasing an additional 555 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Louisiana-Pacific during the first quarter worth about $252,000. Finally, Schechter Investment Advisors LLC purchased a new stake in Louisiana-Pacific in the first quarter valued at approximately $649,000. 91.94% of the stock is currently owned by institutional investors and hedge funds.
Louisiana-Pacific Price Performance
Shares of Louisiana-Pacific stock opened at $62.57 on Thursday. The firm has a market cap of $4.51 billion, a PE ratio of 21.21 and a beta of 1.70. Louisiana-Pacific Co. has a twelve month low of $48.20 and a twelve month high of $79.56. The company has a quick ratio of 0.99, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $69.61 and a 200 day moving average price of $63.13.
Louisiana-Pacific Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a $0.24 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.53%. Louisiana-Pacific’s dividend payout ratio (DPR) is 32.54%.
Analyst Upgrades and Downgrades
LPX has been the subject of several research reports. StockNews.com assumed coverage on shares of Louisiana-Pacific in a research note on Thursday, August 17th. They set a “sell” rating for the company. Truist Financial cut their price target on Louisiana-Pacific from $82.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. TD Securities decreased their price objective on Louisiana-Pacific from $83.00 to $78.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. Royal Bank of Canada dropped their target price on Louisiana-Pacific from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Finally, DA Davidson raised Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $75.60.
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, and South America. 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.
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