Mitsubishi UFJ Trust & Banking Corp Grows Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in Louisiana-Pacific Co. (NYSE:LPX) by 328.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,262 shares of the building manufacturing company’s stock after acquiring an additional 9,399 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Louisiana-Pacific were worth $1,270,000 as of its most recent SEC filing.

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

Louisiana-Pacific Trading Down 1.0 %

Shares of Louisiana-Pacific stock opened at $91.10 on Wednesday. Louisiana-Pacific Co. has a 1 year low of $71.39 and a 1 year 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. The business has a 50 day moving average price of $103.50 and a 200 day moving average price of $106.57. The company has a market capitalization of $6.35 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. The company had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. Sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.05%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. TD Securities decreased their price target on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. BMO Capital Markets raised their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. Truist Financial upped their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Loop Capital reduced their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 24th. 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 company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Hold” and an average 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.