Emerald Advisers LLC Sells 77,803 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Emerald Advisers LLC cut its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 24.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the 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 approximately 0.34% of Louisiana-Pacific worth $24,794,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LPX. Vanguard Group Inc. lifted its holdings in Louisiana-Pacific by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock worth $733,961,000 after buying an additional 132,891 shares in the last quarter. LPL Financial LLC raised its position in shares of Louisiana-Pacific by 148.6% during the fourth quarter. LPL Financial LLC now owns 63,329 shares of the building manufacturing company's stock worth $6,558,000 after acquiring an additional 37,856 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Louisiana-Pacific during the fourth quarter valued at $335,000. KLP Kapitalforvaltning AS acquired a new position in shares of Louisiana-Pacific during the fourth quarter valued at $1,615,000. Finally, Hillsdale Investment Management Inc. boosted its holdings in Louisiana-Pacific by 2.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 7,450 shares of the building manufacturing company's stock valued at $771,000 after acquiring an additional 200 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. TD Securities dropped their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Royal Bank of Canada reissued an "outperform" rating and set a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Truist Financial increased their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a report on Monday, January 6th. BMO Capital Markets lifted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Finally, DA Davidson dropped their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $111.50.

Louisiana-Pacific Trading Down 1.3 %

Shares of LPX traded down $1.23 during trading hours on Thursday, reaching $93.53. The stock had a trading volume of 463,414 shares, compared to its average volume of 729,966. The firm has a 50-day moving average of $104.42 and a 200 day moving average of $106.43. 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 $6.52 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.24 and a beta of 2.02. Louisiana-Pacific Co. has a 52 week low of $71.39 and a 52 week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $666.75 million. During the same period in the prior year, the company earned $0.71 earnings per share. The company's revenue for the quarter was up 3.5% compared to the same quarter last year. On average, 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 business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.28 per share. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is 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.