Moors & Cabot Inc. Sells 5,000 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Moors & Cabot Inc. reduced its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 67.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,380 shares of the building manufacturing company’s stock after selling 5,000 shares during the quarter. Moors & Cabot Inc.’s holdings in Louisiana-Pacific were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LPX. UMB Bank n.a. grew its position in shares of Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after buying an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Louisiana-Pacific during the 4th quarter worth about $35,000. Versant Capital Management Inc grew its position in shares of Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after buying an additional 214 shares during the period. First Horizon Advisors Inc. grew its position in shares of Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock worth $50,000 after buying an additional 201 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in shares of Louisiana-Pacific by 65.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock worth $61,000 after buying an additional 232 shares during the period. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX opened at $91.71 on Monday. 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 stock’s fifty day moving average price is $107.16 and its two-hundred day moving average price is $106.66. Louisiana-Pacific Co. has a one year low of $71.39 and a one year high of $122.87. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating 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 firm had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same period in the prior year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed 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 yield of 1.22%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is currently 19.05%.

Wall Street Analysts Forecast Growth

LPX has been the subject of several analyst reports. 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 research report on Thursday, February 20th. BMO Capital Markets boosted their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Truist Financial boosted their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, TD Securities decreased their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $111.50.

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.