Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,868 shares of the building manufacturing company’s stock after selling 335 shares during the quarter. Foster & Motley Inc.’s holdings in Louisiana-Pacific were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its stake in Louisiana-Pacific by 57.8% in the third quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company’s stock worth $44,026,000 after purchasing an additional 291,833 shares in the last quarter. Ceredex Value Advisors LLC boosted its holdings in Louisiana-Pacific by 2.9% in the fourth quarter. Ceredex Value Advisors LLC now owns 716,251 shares of the building manufacturing company’s stock worth $50,732,000 after purchasing an additional 20,351 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Louisiana-Pacific by 21.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 503,348 shares of the building manufacturing company’s stock worth $27,820,000 after purchasing an additional 88,147 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Louisiana-Pacific by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 464,553 shares of the building manufacturing company’s stock valued at $25,676,000 after buying an additional 6,774 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Louisiana-Pacific by 9.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 387,233 shares of the building manufacturing company’s stock valued at $21,402,000 after buying an additional 32,957 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the transaction, the director now directly owns 25,995 shares in the company, valued at $2,016,692.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by company insiders.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $75.20 on Thursday. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $84.54. The stock has a market capitalization of $5.44 billion, a P/E ratio of 30.69 and a beta of 1.84. The firm’s 50 day moving average is $76.30 and its 200-day moving average is $67.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.17. The company had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $618.60 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. Equities research analysts anticipate that Louisiana-Pacific Co. will post 4.47 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a $0.26 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.38%. Louisiana-Pacific’s dividend payout ratio (DPR) is 42.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LPX shares. Truist Financial upped their target price on Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. TD Cowen reissued a “hold” rating and issued a $75.00 price objective on shares of Louisiana-Pacific in a report on Thursday, January 11th. DA Davidson reaffirmed a “buy” rating and set a $76.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. Finally, TheStreet lowered Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.71.

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.