Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in Louisiana-Pacific Co. (NYSE:LPX) by 23.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 518,305 shares of the building manufacturing company’s stock after selling 156,681 shares during the quarter. American Century Companies Inc. owned approximately 0.74% of Louisiana-Pacific worth $53,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its stake in Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific during the 4th quarter valued at about $35,000. Versant Capital Management Inc raised its stake in 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 period. Harbor Capital Advisors Inc. lifted its holdings in 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 last quarter. Finally, First Horizon Advisors Inc. lifted 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 worth $75,000 after acquiring an additional 259 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Down 0.5 %

Shares of NYSE:LPX opened at $94.71 on Thursday. Louisiana-Pacific Co. has a twelve month low of $71.39 and a twelve month high of $122.87. 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 firm has a market cap of $6.60 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.24 and a beta of 2.02. The company has a 50 day moving average of $105.26 and a 200-day moving average of $106.60.

Louisiana-Pacific (NYSE:LPX) last released its 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. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors 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. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific’s payout ratio is presently 19.05%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LPX shares. Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. BMO Capital Markets raised their target price 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. Truist Financial upped 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. DA Davidson cut their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, TD Securities decreased their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and a consensus price target 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.