T. Rowe Price Investment Management Inc. Trims Position in Louisiana-Pacific Co. (NYSE:LPX)

T. Rowe Price Investment Management Inc. lowered its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 646,197 shares of the building manufacturing company’s stock after selling 64,008 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Louisiana-Pacific were worth $66,914,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LPX. Barclays PLC increased its holdings in shares of Louisiana-Pacific by 20.0% in the third quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company’s stock valued at $3,877,000 after purchasing an additional 6,011 shares during the period. Sanctuary Advisors LLC purchased a new position in Louisiana-Pacific during the 3rd quarter worth $201,000. Arvest Bank Trust Division acquired a new stake in shares of Louisiana-Pacific in the 3rd quarter worth $1,000,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Louisiana-Pacific in the third quarter valued at about $323,000. Finally, Tidal Investments LLC increased its stake in shares of Louisiana-Pacific by 35.0% during the third quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company’s stock worth $3,076,000 after acquiring an additional 7,419 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LPX. Truist Financial reduced their price objective on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a research report on Tuesday. DA Davidson decreased their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Loop Capital dropped their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Finally, BMO Capital Markets upped their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Hold” and an average target price of $108.63.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $86.59 on Friday. Louisiana-Pacific Co. has a twelve month low of $72.06 and a twelve month high of $122.87. The company has a market capitalization of $6.03 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. 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 firm has a 50-day moving average price of $91.19 and a two-hundred day moving average price of $103.75.

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. As a group, research analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share 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 given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Thursday, February 27th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio (DPR) 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.