Emerald Advisers LLC Trims Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Emerald Advisers LLC reduced its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 24.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,438 shares of the building manufacturing company’s stock after selling 77,803 shares during the quarter. Emerald Advisers LLC owned about 0.34% of Louisiana-Pacific worth $24,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. CIBC Asset Management Inc bought a new stake in shares of Louisiana-Pacific in the 3rd quarter valued at approximately $224,000. First Horizon Advisors Inc. boosted its position in Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after acquiring an additional 201 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Louisiana-Pacific by 32.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock valued at $71,192,000 after acquiring an additional 162,976 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Louisiana-Pacific by 119.4% in the 3rd quarter. Cerity Partners LLC now owns 80,336 shares of the building manufacturing company’s stock worth $8,633,000 after purchasing an additional 43,717 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Louisiana-Pacific in the 3rd quarter worth $237,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $92.84 on Friday. Louisiana-Pacific Co. has a 52 week low of $71.39 and a 52 week high of $122.87. 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 company has a market cap of $6.47 billion, a P/E ratio of 15.79, a PEG ratio of 1.24 and a beta of 2.02. The company has a 50-day moving average price of $105.75 and a 200 day moving average price of $106.48.

Louisiana-Pacific (NYSE:LPX) last issued its 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 net margin of 14.31% and a return on equity of 25.35%. The company had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. During the same period last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.05%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. BMO Capital Markets lifted their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. DA Davidson cut their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Loop Capital cut their price target 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. TD Securities cut their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Finally, Truist Financial boosted 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. 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, the stock has an average rating of “Hold” and a consensus target price 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.