South Dakota Investment Council Trims Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

South Dakota Investment Council cut its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 25.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,567 shares of the building manufacturing company’s stock after selling 8,328 shares during the quarter. South Dakota Investment Council’s holdings in Louisiana-Pacific were worth $2,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its holdings in shares of Louisiana-Pacific by 4.8% in the 3rd quarter. Private Advisor Group LLC now owns 10,843 shares of the building manufacturing company’s stock worth $1,165,000 after purchasing an additional 493 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Louisiana-Pacific by 10,646.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,634 shares of the building manufacturing company’s stock worth $7,483,000 after purchasing an additional 68,986 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Louisiana-Pacific in the 3rd quarter worth about $256,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Louisiana-Pacific by 68.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,456 shares of the building manufacturing company’s stock worth $694,000 after purchasing an additional 2,615 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Louisiana-Pacific by 73.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,254 shares of the building manufacturing company’s stock worth $561,000 after purchasing an additional 2,229 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LPX. BMO Capital Markets increased their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday. TD Securities lowered their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday. Truist Financial increased their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. DA Davidson lowered their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday. Finally, StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $108.00.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the sale, the director now owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.26% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $98.78 on Monday. Louisiana-Pacific Co. has a fifty-two week low of $67.47 and a fifty-two week high of $122.87. The business has a 50 day moving average price of $110.24 and a two-hundred day moving average price of $106.66. 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 firm has a market cap of $6.88 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.24 and a beta of 1.95.

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. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same quarter last year, the business posted $0.71 EPS. Louisiana-Pacific’s quarterly revenue was up 3.5% compared to the same quarter last year. Sell-side analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. 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.