Blue Trust Inc. Has $159,000 Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Blue Trust Inc. trimmed its position in Louisiana-Pacific Co. (NYSE:LPX) by 20.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,531 shares of the building manufacturing company’s stock after selling 384 shares during the quarter. Blue Trust Inc.’s holdings in Louisiana-Pacific were worth $159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hanseatic Management Services Inc. lifted its position in shares of Louisiana-Pacific by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock worth $97,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Louisiana-Pacific by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock worth $1,802,000 after purchasing an additional 100 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Louisiana-Pacific by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company’s stock worth $242,000 after purchasing an additional 124 shares in the last quarter. Choreo LLC lifted its position in shares of Louisiana-Pacific by 2.7% in the fourth quarter. Choreo LLC now owns 5,546 shares of the building manufacturing company’s stock worth $574,000 after purchasing an additional 148 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Louisiana-Pacific by 98.8% in the fourth 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 in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now owns 18,513 shares in the company, valued at $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Trading Down 0.5 %

Shares of Louisiana-Pacific stock opened at $100.98 on Friday. The company’s fifty day simple moving average is $110.52 and its 200-day simple moving average is $106.44. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.37 and a beta of 1.95. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 1 year low of $66.77 and a 1 year high of $122.87.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.29% and a return on equity of 24.50%. Louisiana-Pacific’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. As a group, sell-side analysts expect that Louisiana-Pacific Co. will post 5.64 EPS for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.11%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s payout ratio is currently 17.93%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday. TD Securities dropped their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Finally, Truist Financial lifted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Hold” and a consensus target price of $108.00.

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.