Geode Capital Management LLC Sells 4,151 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Geode Capital Management LLC lessened its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,067,110 shares of the building manufacturing company's stock after selling 4,151 shares during the quarter. Geode Capital Management LLC owned about 1.52% of Louisiana-Pacific worth $110,534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC lifted its holdings in Louisiana-Pacific by 52.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,434 shares of the building manufacturing company's stock valued at $1,598,000 after acquiring an additional 5,284 shares during the period. Dorsey Wright & Associates bought a new stake in Louisiana-Pacific during the fourth quarter valued at approximately $7,330,000. RWA Wealth Partners LLC increased its stake in shares of Louisiana-Pacific by 19.9% in the 4th quarter. RWA Wealth Partners LLC now owns 3,621 shares of the building manufacturing company's stock worth $375,000 after purchasing an additional 600 shares in the last quarter. Strategy Asset Managers LLC bought a new position in Louisiana-Pacific in the 4th quarter worth $299,000. Finally, New Age Alpha Advisors LLC purchased a new position in Louisiana-Pacific during the fourth quarter valued at $1,696,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Down 0.1 %

Shares of NYSE LPX traded down $0.05 during trading hours on Tuesday, hitting $86.72. 62,103 shares of the company traded hands, compared to its average volume of 750,845. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The company's 50 day moving average price is $96.39 and its 200 day moving average price is $105.12. Louisiana-Pacific Co. has a 12 month low of $71.39 and a 12 month high of $122.87. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company 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 company posted $0.71 EPS. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.29%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is 19.05%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. DA Davidson cut their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Truist Financial increased 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. Royal Bank of Canada reissued an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. TD Securities reduced their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Finally, BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Louisiana-Pacific presently has a consensus rating of "Hold" and a consensus price target of $111.50.

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.