Meeder Asset Management Inc. Sells 27,448 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Meeder Asset Management Inc. lessened its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 88.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,641 shares of the building manufacturing company's stock after selling 27,448 shares during the period. Meeder Asset Management Inc.'s holdings in Louisiana-Pacific were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LPX. Miracle Mile Advisors LLC lifted its holdings in shares of Louisiana-Pacific by 269.7% during the 4th quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company's stock worth $4,318,000 after acquiring an additional 30,418 shares during the period. Truist Financial Corp lifted its stake in Louisiana-Pacific by 47.3% during the fourth quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company's stock worth $1,010,000 after purchasing an additional 3,129 shares during the period. Symphony Financial Ltd. Co. bought a new position in Louisiana-Pacific during the fourth quarter worth about $259,000. Victory Capital Management Inc. boosted its holdings in Louisiana-Pacific by 23.8% during the fourth quarter. Victory Capital Management Inc. now owns 167,439 shares of the building manufacturing company's stock valued at $17,338,000 after purchasing an additional 32,210 shares in the last quarter. Finally, New York Life Investment Management LLC bought a new stake in shares of Louisiana-Pacific in the 4th quarter valued at approximately $699,000. 94.73% of the stock is currently owned by institutional investors.

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Louisiana-Pacific Price Performance

Shares of LPX stock traded up $2.49 during trading hours on Wednesday, reaching $93.67. 1,133,949 shares of the company were exchanged, compared to its average volume of 759,323. 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's fifty day moving average is $102.52 and its two-hundred day moving average is $106.43. Louisiana-Pacific Co. has a fifty-two week low of $71.39 and a fifty-two week high of $122.87. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.79 by $0.24. The company had revenue of $681.00 million during the quarter, compared to analysts' expectations of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. 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 EPS. Sell-side analysts forecast 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. Investors of record on Thursday, February 27th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific's payout ratio is 19.05%.

Analysts Set New Price Targets

Several analysts recently commented on LPX shares. DA Davidson decreased their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. TD Securities dropped their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Loop Capital cut their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a report on Monday, February 24th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus 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.