Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 50.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 131,099 shares of the building manufacturing company’s stock after selling 131,948 shares during the period. Wellington Management Group LLP owned about 0.19% of Louisiana-Pacific worth $13,575,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Miracle Mile Advisors LLC lifted its holdings in shares of Louisiana-Pacific by 269.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company’s stock valued at $4,318,000 after purchasing an additional 30,418 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Louisiana-Pacific by 47.3% in the fourth quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company’s stock worth $1,010,000 after buying an additional 3,129 shares during the period. Symphony Financial Ltd. Co. purchased a new position in shares of Louisiana-Pacific in the fourth quarter worth approximately $259,000. Victory Capital Management Inc. raised its holdings in shares of Louisiana-Pacific by 23.8% during the fourth quarter. Victory Capital Management Inc. now owns 167,439 shares of the building manufacturing company’s stock valued at $17,338,000 after acquiring an additional 32,210 shares during the period. Finally, New York Life Investment Management LLC purchased a new stake in shares of Louisiana-Pacific in the 4th quarter valued at approximately $699,000. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Price Performance

NYSE LPX opened at $80.99 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $5.64 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a 12-month low of $71.39 and a 12-month high of $122.87. The company has a 50 day moving average price of $99.39 and a two-hundred day moving average price of $105.79.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. Louisiana-Pacific’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. As a group, equities analysts predict 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. Stockholders of record on Thursday, February 27th were issued a dividend of $0.28 per share. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.38%. Louisiana-Pacific’s dividend payout ratio is currently 19.05%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LPX shares. DA Davidson cut 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 note on Thursday, February 20th. BMO Capital Markets upped their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Royal Bank of Canada restated an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, February 20th. TD Securities dropped their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Finally, Truist Financial raised their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two research 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, Louisiana-Pacific currently has an average rating of “Hold” and a consensus target price of $111.50.

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.