Charles Schwab Investment Management Inc. Reduces Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 654,805 shares of the building manufacturing company’s stock after selling 7,691 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.93% of Louisiana-Pacific worth $67,805,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Hanseatic Management Services Inc. grew its stake in shares of Louisiana-Pacific by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock worth $97,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Louisiana-Pacific by 0.6% during 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 acquiring an additional 100 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Louisiana-Pacific by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock worth $228,000 after acquiring an additional 114 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Louisiana-Pacific by 5.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company’s stock worth $242,000 after acquiring an additional 124 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of Louisiana-Pacific by 7.1% during the fourth quarter. Sanctuary Advisors LLC now owns 1,862 shares of the building manufacturing company’s stock worth $193,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. DA Davidson dropped their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets lifted 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. Truist Financial lifted 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. TD Securities decreased their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and a consensus target price of $111.50.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the sale, the director now directly 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 through this link. Company insiders own 1.26% of the company’s stock.

Louisiana-Pacific Trading Up 0.0 %

Shares of NYSE:LPX opened at $89.56 on Wednesday. Louisiana-Pacific Co. has a 12-month low of $71.39 and a 12-month high of $122.87. The company has a market capitalization of $6.24 billion, a PE ratio of 15.23, a PEG ratio of 1.24 and a beta of 2.02. The business has a 50 day moving average of $108.27 and a two-hundred day moving average of $106.85. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating 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 company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same period in the previous year, the company posted $0.71 earnings per share. Louisiana-Pacific’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.25%. Louisiana-Pacific’s payout ratio is 19.05%.

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.