Royce & Associates LP Sells 56,442 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Royce & Associates LP lessened its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 40.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 82,209 shares of the building manufacturing company’s stock after selling 56,442 shares during the period. Royce & Associates LP’s holdings in Louisiana-Pacific were worth $8,513,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Natixis Advisors LLC raised its holdings in Louisiana-Pacific by 0.6% during the fourth quarter. Natixis Advisors LLC now owns 29,753 shares of the building manufacturing company’s stock valued at $3,081,000 after buying an additional 188 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Louisiana-Pacific by 1.7% during the 4th quarter. First Eagle Investment Management LLC now owns 155,431 shares of the building manufacturing company’s stock valued at $16,095,000 after acquiring an additional 2,550 shares during the last quarter. 12th Street Asset Management Company LLC raised its stake in shares of Louisiana-Pacific by 3.7% in the 4th quarter. 12th Street Asset Management Company LLC now owns 44,410 shares of the building manufacturing company’s stock valued at $4,599,000 after acquiring an additional 1,599 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Louisiana-Pacific by 33.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,554 shares of the building manufacturing company’s stock worth $989,000 after purchasing an additional 2,376 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in Louisiana-Pacific by 52.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 230,738 shares of the building manufacturing company’s stock worth $23,865,000 after purchasing an additional 79,038 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $92.61 on Wednesday. The business has a 50 day simple moving average of $106.51 and a 200 day simple moving average of $106.60. Louisiana-Pacific Co. has a one year low of $71.39 and a one year high of $122.87. The company has a market capitalization of $6.45 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69.

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 analysts’ consensus estimates of $0.79 by $0.24. The company had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. On average, sell-side analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.21%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is currently 19.05%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. DA Davidson cut their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. BMO Capital Markets raised their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Truist Financial lifted their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Loop Capital decreased their target price on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.