Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,725 shares of the building manufacturing company’s stock after selling 138 shares during the period. Securian Asset Management Inc.’s holdings in Louisiana-Pacific were worth $489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of LPX. FMR LLC raised its position in shares of Louisiana-Pacific by 25.2% during the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock worth $340,427,000 after purchasing an additional 638,058 shares during the period. State Street Corp lifted its stake in 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 buying an additional 210,113 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Louisiana-Pacific by 11,417.9% during 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 period. Charles Schwab Investment Management Inc. grew its position in shares of Louisiana-Pacific by 32.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock worth $71,192,000 after acquiring an additional 162,976 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Louisiana-Pacific by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company’s stock worth $63,554,000 after acquiring an additional 19,772 shares during the period. Institutional investors own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

LPX has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. TD Securities lowered their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Loop Capital lowered their price target on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 24th. Finally, Truist Financial lifted their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $111.50.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $93.52 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $107.16 and its 200 day moving average price is $106.66. Louisiana-Pacific Co. has a 52-week low of $71.39 and a 52-week high of $122.87. The firm has a market cap of $6.52 billion, a P/E ratio of 15.90, a PEG ratio of 1.24 and a beta of 2.02.

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. 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 14.31% and a return on equity of 25.35%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. As a group, sell-side analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.20%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.05%.

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.