Rhumbline Advisers Sells 2,381 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Rhumbline Advisers lowered its position in Louisiana-Pacific Co. (NYSE:LPX) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,500 shares of the building manufacturing company’s stock after selling 2,381 shares during the period. Rhumbline Advisers owned 0.28% of Louisiana-Pacific worth $20,348,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LPX. Pacer Advisors Inc. raised its stake in shares of Louisiana-Pacific by 11,417.9% in the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock valued at $118,895,000 after acquiring an additional 1,096,804 shares during the last quarter. FMR LLC raised its stake in shares of Louisiana-Pacific by 25.2% in the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after acquiring an additional 638,058 shares during the last quarter. State Street Corp raised its stake in shares of Louisiana-Pacific by 10.8% in the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock valued at $231,529,000 after acquiring an additional 210,113 shares during the last quarter. Bamco Inc. NY raised its stake in shares of Louisiana-Pacific by 65.7% in the third quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company’s stock valued at $55,500,000 after acquiring an additional 204,828 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Louisiana-Pacific by 32.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock valued at $71,192,000 after acquiring an additional 162,976 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

LPX opened at $100.98 on Friday. The company has a fifty day moving average price of $110.52 and a two-hundred day moving average price of $106.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. Louisiana-Pacific Co. has a 52 week low of $66.77 and a 52 week high of $122.87. The firm has a market capitalization of $7.09 billion, a PE ratio of 17.41, a P/E/G ratio of 1.37 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.29% and a return on equity of 24.50%. The firm had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. During the same quarter in the previous year, the business earned $0.71 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, analysts anticipate that Louisiana-Pacific Co. will post 5.64 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued a $0.28 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.11%. Louisiana-Pacific’s payout ratio is 17.93%.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the sale, the director now directly owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Securities cut 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 note on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday. DA Davidson lowered their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday. The Goldman Sachs Group raised their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, Truist Financial raised their price target 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. Two investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $108.00.

Louisiana-Pacific 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.