Canada Pension Plan Investment Board Sells 35,700 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Canada Pension Plan Investment Board lessened its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 19.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,900 shares of the building manufacturing company's stock after selling 35,700 shares during the quarter. Canada Pension Plan Investment Board owned 0.21% of Louisiana-Pacific worth $15,211,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Louisiana-Pacific by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock valued at $733,961,000 after buying an additional 132,891 shares during the last quarter. FMR LLC grew its position in shares of Louisiana-Pacific by 17.1% in the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after purchasing an additional 540,703 shares during the last quarter. Norges Bank acquired a new position in Louisiana-Pacific in the 4th quarter valued at $78,181,000. Bank of New York Mellon Corp increased its position in Louisiana-Pacific by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company's stock worth $63,554,000 after buying an additional 19,772 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Louisiana-Pacific by 6.4% in the third quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company's stock valued at $51,984,000 after acquiring an additional 30,297 shares during the period. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded down $0.44 during midday trading on Friday, reaching $86.59. 257,510 shares of the company were exchanged, compared to its average volume of 737,785. The stock's 50-day moving average price is $91.71 and its 200-day moving average price is $103.89. The stock has a market cap of $6.03 billion, a P/E ratio of 14.73, a PEG ratio of 1.24 and a beta of 1.86. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a one year low of $72.06 and a one year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results 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. 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 during the quarter, compared to analysts' expectations of $666.75 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. On average, sell-side 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 declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a $0.28 dividend. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.29%. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio is 19.05%.

Analyst Upgrades and Downgrades

LPX has been the subject of several analyst reports. Loop Capital dropped their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, February 24th. Truist Financial lowered their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday. TD Securities decreased their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, BMO Capital Markets upped their price target 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $108.63.

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.