Empowered Funds LLC Has $952,000 Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Empowered Funds LLC lessened its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 53.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,190 shares of the building manufacturing company's stock after selling 10,691 shares during the quarter. Empowered Funds LLC's holdings in Louisiana-Pacific were worth $952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. raised its stake in shares of Louisiana-Pacific by 98.8% in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific in the 4th quarter worth $35,000. Versant Capital Management Inc raised its stake in shares of Louisiana-Pacific by 158.5% in 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 in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Louisiana-Pacific in the 3rd quarter worth $38,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Louisiana-Pacific in the 3rd quarter worth $43,000. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Down 2.1 %

Shares of LPX stock traded down $2.11 on Friday, reaching $98.78. 995,005 shares of the company's stock traded hands, compared to its average volume of 671,279. Louisiana-Pacific Co. has a 12-month low of $67.47 and a 12-month high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The company has a market capitalization of $6.94 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.95. The business's 50 day moving average price is $110.24 and its two-hundred day moving average price is $106.49.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share 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 business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. Louisiana-Pacific's revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Louisiana-Pacific Co. will post 5.37 earnings per share for the current 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 paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.13%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's payout ratio is 17.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Truist Financial boosted their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. TD Securities cut their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday. 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 research report on Thursday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 target price on shares of Louisiana-Pacific in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific has an average rating of "Hold" and a consensus target price of $108.00.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction dated 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 owns 18,513 shares in the company, valued at $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.26% of the company's stock.

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.