Louisiana-Pacific Co. (NYSE:LPX) Shares Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lifted its stake in Louisiana-Pacific Co. (NYSE:LPX) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,656 shares of the building manufacturing company’s stock after buying an additional 2,484 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Louisiana-Pacific were worth $896,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LPX. Vanguard Group Inc. boosted its position in Louisiana-Pacific by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company’s stock valued at $733,961,000 after buying an additional 132,891 shares during the last quarter. FMR LLC lifted its stake in shares of Louisiana-Pacific by 17.1% in the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company’s stock worth $384,031,000 after acquiring an additional 540,703 shares in the last quarter. Norges Bank purchased a new position in Louisiana-Pacific in the fourth quarter valued at about $78,181,000. Bank of New York Mellon Corp boosted its holdings in Louisiana-Pacific by 3.3% in the fourth quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company’s stock valued at $63,554,000 after purchasing an additional 19,772 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Louisiana-Pacific by 6.4% during the 3rd quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company’s stock valued at $51,984,000 after purchasing an additional 30,297 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Down 2.3 %

NYSE:LPX opened at $83.71 on Thursday. Louisiana-Pacific Co. has a 52 week low of $71.39 and a 52 week high of $122.87. The firm has a market capitalization of $5.83 billion, a PE ratio of 14.24, 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 stock has a 50 day moving average of $95.12 and a 200-day moving average of $104.84.

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. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. During the same period in the previous year, the business posted $0.71 EPS. Louisiana-Pacific’s revenue was up 3.5% on a year-over-year basis. Analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio is currently 19.05%.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of recent analyst reports. 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 research report on Monday, January 6th. Loop Capital decreased their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 24th. 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, TD Securities cut their price objective 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.