HighTower Advisors LLC Has $1.37 Million Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

HighTower Advisors LLC reduced its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 62.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,269 shares of the building manufacturing company's stock after selling 22,161 shares during the period. HighTower Advisors LLC's holdings in Louisiana-Pacific were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Wealthfront Advisers LLC acquired a new stake in shares of Louisiana-Pacific during the 4th quarter worth about $9,171,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Louisiana-Pacific by 17.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,666 shares of the building manufacturing company's stock worth $1,933,000 after buying an additional 2,730 shares during the last quarter. Amundi grew its stake in Louisiana-Pacific by 0.8% during the fourth quarter. Amundi now owns 96,557 shares of the building manufacturing company's stock worth $10,288,000 after buying an additional 761 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Louisiana-Pacific during the fourth quarter worth approximately $1,223,000. Finally, Inceptionr LLC bought a new position in shares of Louisiana-Pacific in the fourth quarter valued at approximately $298,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Down 1.9 %

Shares of NYSE LPX traded down $1.82 during mid-day trading on Friday, hitting $91.67. The company's stock had a trading volume of 303,979 shares, compared to its average volume of 758,552. Louisiana-Pacific Co. has a one year low of $71.39 and a one year high of $122.87. The company's fifty day simple moving average is $103.96 and its 200-day simple moving average is $106.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02.

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Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio is currently 19.05%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. 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 restated an "outperform" rating and set a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. DA Davidson cut their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Loop Capital reduced their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, February 24th. Finally, Truist Financial raised their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, January 6th. 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 company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $111.50.

Louisiana-Pacific 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.