William Blair Investment Management LLC Trims Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

William Blair Investment Management LLC reduced its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,060,762 shares of the building manufacturing company's stock after selling 27,703 shares during the period. William Blair Investment Management LLC owned 1.51% of Louisiana-Pacific worth $109,842,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in Louisiana-Pacific by 11,417.9% during the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company's stock worth $118,895,000 after acquiring an additional 1,096,804 shares in the last quarter. FMR LLC increased its position in Louisiana-Pacific by 25.2% in the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company's stock valued at $340,427,000 after buying an additional 638,058 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Louisiana-Pacific by 215.0% in the fourth quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company's stock worth $48,686,000 after acquiring an additional 320,912 shares in the last quarter. State Street Corp grew its stake in Louisiana-Pacific by 10.8% in the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock valued at $231,529,000 after acquiring an additional 210,113 shares during the period. Finally, Bamco Inc. NY raised its position in shares of Louisiana-Pacific by 65.7% during the third quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company's stock worth $55,500,000 after purchasing an additional 204,828 shares during the period. 94.73% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on LPX shares. Royal Bank of Canada reissued an "outperform" rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Truist Financial boosted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. TD Securities dropped their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets lifted 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, DA Davidson dropped their target price on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $111.50.

Louisiana-Pacific Stock Performance

LPX traded down $0.56 during trading hours on Friday, hitting $92.84. The stock had a trading volume of 1,060,629 shares, compared to its average volume of 679,550. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.47 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. Louisiana-Pacific Co. has a 1 year low of $71.39 and a 1 year high of $122.87. The company's fifty day simple moving average is $105.99 and its 200 day simple moving average is $106.42.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $0.71 earnings per share. The company's quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.21%. Louisiana-Pacific's payout ratio is 19.05%.

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.