Louisiana-Pacific Co. (NYSE:LPX) Stake Lessened by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 83.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,514 shares of the building manufacturing company's stock after selling 54,241 shares during the quarter. Thompson Siegel & Walmsley LLC's holdings in Louisiana-Pacific were worth $1,089,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ grew its holdings in Louisiana-Pacific by 52.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 230,738 shares of the building manufacturing company's stock worth $23,865,000 after buying an additional 79,038 shares in the last quarter. Vestcor Inc bought a new position in Louisiana-Pacific in the 4th quarter worth approximately $579,000. Wealthfront Advisers LLC bought a new position in Louisiana-Pacific in the 4th quarter worth approximately $9,171,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Louisiana-Pacific by 17.1% in the 4th 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 in the last quarter. Finally, Amundi grew its holdings in Louisiana-Pacific by 0.8% in the 4th quarter. Amundi now owns 96,557 shares of the building manufacturing company's stock worth $10,288,000 after buying an additional 761 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LPX shares. Truist Financial increased their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, January 6th. TD Securities decreased their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Loop Capital decreased their price target on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, February 24th. BMO Capital Markets increased their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $111.50.

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Louisiana-Pacific Price Performance

Shares of NYSE:LPX traded up $1.58 on Wednesday, reaching $94.19. 380,304 shares of the company traded hands, compared to its average volume of 735,514. Louisiana-Pacific Co. has a fifty-two week low of $71.39 and a fifty-two week high of $122.87. The company's 50 day moving average is $106.51 and its 200-day moving average is $106.60. The stock has a market capitalization of $6.56 billion, a PE ratio of 16.02, a P/E/G ratio of 1.24 and a beta of 2.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS 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 company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The company's quarterly revenue was up 3.5% compared to the same quarter last year. As a group, 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. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date 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 19.05%.

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.