Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Swiss National Bank

Swiss National Bank reduced its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,400 shares of the building manufacturing company’s stock after selling 1,600 shares during the quarter. Swiss National Bank owned approximately 0.18% of Louisiana-Pacific worth $12,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its stake in shares of Louisiana-Pacific by 11,417.9% during the 3rd 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 grew its holdings in 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 purchasing an additional 638,058 shares during the period. Principal Financial Group Inc. increased its position in Louisiana-Pacific by 215.0% during the fourth quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company’s stock worth $48,686,000 after purchasing an additional 320,912 shares during the last quarter. State Street Corp raised its stake in Louisiana-Pacific by 10.8% during the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock worth $231,529,000 after purchasing an additional 210,113 shares during the period. Finally, Bamco Inc. NY boosted its holdings in shares of Louisiana-Pacific by 65.7% in the 3rd quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company’s stock valued at $55,500,000 after purchasing an additional 204,828 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $94.19 on Thursday. Louisiana-Pacific Co. has a 12-month low of $71.39 and a 12-month high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. The firm’s fifty day moving average price is $106.51 and its 200 day moving average price is $106.60.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced 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. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is 19.05%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LPX. Truist Financial increased their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. TD Securities cut their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. DA Davidson decreased their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Loop Capital cut their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 24th. Finally, BMO Capital Markets boosted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Two equities research 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $111.50.

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.