Louisiana-Pacific Co. (NYSE:LPX) Stock Holdings Lowered by Royce & Associates LP

Royce & Associates LP cut its position in Louisiana-Pacific Co. (NYSE:LPX) by 40.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,209 shares of the building manufacturing company’s stock after selling 56,442 shares during the quarter. Royce & Associates LP owned about 0.12% of Louisiana-Pacific worth $8,513,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV boosted its position in shares of Louisiana-Pacific by 4.2% during the third quarter. KBC Group NV now owns 7,758 shares of the building manufacturing company’s stock worth $834,000 after buying an additional 316 shares during the period. CIBC Asset Management Inc bought a new stake in Louisiana-Pacific during the 3rd quarter valued at $224,000. Empowered Funds LLC boosted its position in Louisiana-Pacific by 238.1% during the 3rd quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock worth $2,136,000 after acquiring an additional 14,001 shares during the period. Quest Partners LLC grew its stake in shares of Louisiana-Pacific by 58.9% in the third quarter. Quest Partners LLC now owns 9,530 shares of the building manufacturing company’s stock worth $1,024,000 after purchasing an additional 3,533 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Louisiana-Pacific by 754.3% during the third quarter. Meeder Asset Management Inc. now owns 31,089 shares of the building manufacturing company’s stock valued at $3,341,000 after purchasing an additional 27,450 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Down 1.0 %

Shares of NYSE LPX opened at $92.61 on Wednesday. The business has a fifty day simple moving average of $106.51 and a 200-day simple moving average of $106.60. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 1.24 and a beta of 2.02. The company has a quick ratio of 1.69, a current ratio of 2.86 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 posted its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. Sell-side analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared 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 boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.05%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LPX. Loop Capital reduced 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. Truist Financial increased their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. BMO Capital Markets boosted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. TD Securities decreased their price target on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Finally, 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $111.50.

About Louisiana-Pacific

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.