Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. lowered its position in Louisiana-Pacific Co. (NYSE:LPX) by 3.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,121 shares of the building manufacturing company’s stock after selling 151 shares during the period. Howe & Rusling Inc.’s holdings in Louisiana-Pacific were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Louisiana-Pacific by 328.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,262 shares of the building manufacturing company’s stock valued at $1,270,000 after acquiring an additional 9,399 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Louisiana-Pacific by 6.3% in the fourth quarter. Prudential Financial Inc. now owns 103,955 shares of the building manufacturing company’s stock valued at $10,765,000 after purchasing an additional 6,190 shares during the last quarter. Woodmont Investment Counsel LLC increased its stake in shares of Louisiana-Pacific by 3.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock worth $337,000 after purchasing an additional 100 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Louisiana-Pacific by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company’s stock worth $733,961,000 after purchasing an additional 132,891 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of 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 purchasing an additional 37,856 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

LPX has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Loop Capital decreased their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 24th. TD Securities dropped their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Finally, Truist Financial lifted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Louisiana-Pacific has a consensus rating of “Hold” and a consensus target price of $111.50.

Louisiana-Pacific Trading Down 1.3 %

NYSE LPX opened at $93.53 on Friday. The company has a 50-day moving average of $104.42 and a 200-day moving average of $106.43. 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 Co. has a 12 month low of $71.39 and a 12 month high of $122.87. The company has a market cap of $6.52 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. The company 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 14.31% 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 quarter last year, the firm posted $0.71 earnings per share. As a group, equities analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.28 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.20%. 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%.

Louisiana-Pacific Company 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.