First Horizon Advisors Inc. Boosts Holdings in Louisiana-Pacific Co. (NYSE:LPX)

First Horizon Advisors Inc. raised its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 56.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 720 shares of the building manufacturing company’s stock after acquiring an additional 259 shares during the period. First Horizon Advisors Inc.’s holdings in Louisiana-Pacific were worth $75,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Louisiana-Pacific by 25.2% in the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after buying an additional 638,058 shares during the period. State Street Corp grew its holdings in Louisiana-Pacific by 10.8% in the 3rd quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock valued at $231,529,000 after buying an additional 210,113 shares during the period. Pacer Advisors Inc. grew its holdings in Louisiana-Pacific by 11,417.9% in 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 buying an additional 1,096,804 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Louisiana-Pacific by 32.6% in 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 buying an additional 162,976 shares during the period. Finally, Bamco Inc. NY grew its holdings in 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 buying an additional 204,828 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Truist Financial lifted their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. The Goldman Sachs Group boosted their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Loop Capital decreased their target price on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a report on Monday. BMO Capital Markets boosted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a report 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $111.50.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’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 transaction, the director now directly owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.26% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $99.58 on Friday. The stock’s 50 day moving average price is $109.65 and its 200 day moving average price is $106.67. The firm has a market capitalization of $6.94 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. Louisiana-Pacific Co. has a one year low of $71.39 and a one year high of $122.87.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. Louisiana-Pacific’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. As a group, sell-side analysts expect 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 will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is presently 19.05%.

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.