American Century Companies Inc. Cuts Stake in Louisiana-Pacific Co. (NYSE:LPX)

American Century Companies Inc. decreased its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 518,305 shares of the building manufacturing company's stock after selling 156,681 shares during the quarter. American Century Companies Inc. owned approximately 0.74% of Louisiana-Pacific worth $53,670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hanseatic Management Services Inc. lifted its position in shares of Louisiana-Pacific by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock worth $97,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Louisiana-Pacific by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock valued at $1,802,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc boosted its position in Louisiana-Pacific by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock valued at $228,000 after acquiring an additional 114 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in Louisiana-Pacific by 5.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company's stock worth $242,000 after acquiring an additional 124 shares during the period. Finally, Sanctuary Advisors LLC raised its position in shares of Louisiana-Pacific by 7.1% in the 4th quarter. Sanctuary Advisors LLC now owns 1,862 shares of the building manufacturing company's stock worth $193,000 after acquiring an additional 124 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Down 1.9 %

Shares of NYSE:LPX traded down $1.82 during mid-day trading on Friday, hitting $91.67. 303,979 shares of the company traded hands, compared to its average volume of 758,552. The stock has a 50-day moving average price of $103.96 and a two-hundred day moving average price of $106.50. Louisiana-Pacific Co. has a 12-month low of $71.39 and a 12-month high of $122.87. The stock has a market cap of $6.39 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.24 and a beta of 2.02. 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. On average, equities research analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share 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 given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.22%. 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 is presently 19.05%.

Analyst Ratings Changes

Several brokerages recently issued reports on LPX. Loop Capital cut their target price on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, February 24th. Royal Bank of Canada reissued an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, February 20th. TD Securities decreased their target price 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. BMO Capital Markets increased their price target 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, DA Davidson decreased their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Louisiana-Pacific presently has an average rating of "Hold" and an average target price 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.