2 days Ago By ABMN Staff
Envestnet Asset Management Inc. lifted its holdings in shares of Louisiana-Pacific Co. ( NYSE:LPX – Free Report ) by 217.
4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 144,786 shares of the building manufacturing company’s stock after purchasing an additional 99,172 shares during the period. Envestnet Asset Management Inc.
’s holdings in Louisiana-Pacific were worth $14,993,000 as of its most recent filing with the SEC. Other hedge funds also recently modified their holdings of the company. UMB Bank n.
a. raised its position in Louisiana-Pacific by 98.8% during the 4th quarter.
UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after purchasing an additional 158 shares during the last quarter.
Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Louisiana-Pacific in the fourth quarter valued at about $35,000.
Versant Capital Management Inc raised its position in shares of Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter.
Harbor Capital Advisors Inc. lifted its stake in shares of Louisiana-Pacific by 65.0% in the fourth quarter.
Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock worth $61,000 after acquiring an additional 232 shares during the period. Finally, First Horizon Advisors Inc.
boosted its holdings in Louisiana-Pacific by 56.2% in the fourth quarter. First Horizon Advisors Inc.
now owns 720 shares of the building manufacturing company’s stock valued at $75,000 after acquiring an additional 259 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.
Louisiana-Pacific Stock Performance Shares of Louisiana-Pacific stock opened at $83.71 on Thursday. The business has a 50-day simple moving average of $95.
12 and a 200 day simple moving average of $104.84. Louisiana-Pacific Co.
has a one year low of $71.39 and a one 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 firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 14.
24, a PEG ratio of 1.24 and a beta of 1.86.
Louisiana-Pacific Increases Dividend The firm 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 boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.
12 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Thursday, February 27th.
Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.05%. Wall Street Analysts Forecast Growth LPX has been the topic of a number of recent analyst reports.
Truist Financial boosted 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.
BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 20th.
Loop Capital decreased their price target on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 24th.
TD Securities dropped 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.
Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Two 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.com, Louisiana-Pacific has a consensus rating of “Hold” and a consensus price target of $111.50.
Read Our Latest Research Report on Louisiana-Pacific About Louisiana-Pacific ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding LPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Louisiana-Pacific Co. ( NYSE:LPX – Free Report ).
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