Louisiana-Pacific Co. (NYSE:LPX) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,396 shares of the building manufacturing company’s stock after purchasing an additional 2,633 shares during the quarter. Wells Fargo & Company MN owned 0.08% of Louisiana-Pacific worth $5,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LPX. Hanseatic Management Services Inc. lifted its stake in shares of Louisiana-Pacific by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock worth $97,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System raised its holdings in Louisiana-Pacific by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock worth $1,802,000 after purchasing an additional 100 shares in the last quarter. Woodmont Investment Counsel LLC lifted its position in Louisiana-Pacific by 3.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock valued at $337,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc boosted its holdings in Louisiana-Pacific by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock valued at $228,000 after purchasing an additional 114 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in Louisiana-Pacific by 5.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company’s stock worth $242,000 after purchasing an additional 124 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on LPX shares. BMO Capital Markets lifted their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. DA Davidson decreased their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. TD Securities cut their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Loop Capital decreased their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 24th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and an average target price of $111.50.

Louisiana-Pacific Stock Up 0.4 %

Shares of NYSE LPX opened at $84.14 on Friday. The firm’s 50-day moving average is $93.90 and its two-hundred day moving average is $104.49. The company has a market capitalization of $5.86 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a 12-month low of $71.95 and a 12-month high of $122.87. 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 (NYSE:LPX) last posted its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. Louisiana-Pacific’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 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.