Blair William & Co. IL Lowers Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Blair William & Co. IL cut its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 59.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,058 shares of the building manufacturing company’s stock after selling 3,077 shares during the quarter. Blair William & Co. IL’s holdings in Louisiana-Pacific were worth $213,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp raised its position in Louisiana-Pacific by 328.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,262 shares of the building manufacturing company’s stock worth $1,270,000 after acquiring an additional 9,399 shares during the period. Prudential Financial Inc. raised its position in shares of Louisiana-Pacific by 6.3% during the 4th quarter. Prudential Financial Inc. now owns 103,955 shares of the building manufacturing company’s stock worth $10,765,000 after purchasing an additional 6,190 shares during the last quarter. Woodmont Investment Counsel LLC lifted its stake in Louisiana-Pacific by 3.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock valued at $337,000 after buying an additional 100 shares in the last quarter. Vanguard Group Inc. boosted its holdings 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 worth $733,961,000 after buying an additional 132,891 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Louisiana-Pacific by 148.6% during the 4th quarter. LPL Financial LLC now owns 63,329 shares of the building manufacturing company’s stock worth $6,558,000 after buying an additional 37,856 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LPX has been the topic of several research reports. Loop Capital decreased their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 24th. Truist Financial boosted their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday, February 20th. TD Securities lowered 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, DA Davidson cut their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Two equities research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $111.50.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $86.08 on Friday. Louisiana-Pacific Co. has a 52 week low of $71.39 and a 52 week high of $122.87. The stock’s fifty day moving average is $101.38 and its two-hundred day moving average is $106.21. The company has a market capitalization of $6.00 billion, a P/E ratio of 14.64, 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 (NYSE:LPX) last issued its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. Louisiana-Pacific’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Equities analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.05%.

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.