Prudential Financial Inc. Buys 6,190 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Prudential Financial Inc. raised its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,955 shares of the building manufacturing company’s stock after purchasing an additional 6,190 shares during the quarter. Prudential Financial Inc. owned 0.15% of Louisiana-Pacific worth $10,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LPX. Hanseatic Management Services Inc. lifted its holdings in shares of Louisiana-Pacific by 12.0% during 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 last quarter. Louisiana State Employees Retirement System lifted its stake 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 during the last quarter. Woodmont Investment Counsel LLC boosted its holdings in shares of Louisiana-Pacific by 3.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock worth $337,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Louisiana-Pacific by 5.5% during 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 during the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of 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 valued at $242,000 after buying an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

LPX stock opened at $91.67 on Friday. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.24 and a beta of 2.02. The firm’s 50-day moving average price is $103.96 and its two-hundred day moving average price is $106.42. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12-month low of $71.39 and a 12-month high of $122.87.

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, beating analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the previous year, the business earned $0.71 EPS. Louisiana-Pacific’s revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts predict 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. Investors of record on Thursday, February 27th were paid a $0.28 dividend. 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 yield of 1.22%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.05%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LPX shares. Truist Financial upped their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Loop Capital reduced their target price 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. TD Securities decreased their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. DA Davidson cut their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, BMO Capital Markets raised their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $111.50.

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.