National Bank of Canada FI Reduces Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

National Bank of Canada FI trimmed its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 97.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 538 shares of the building manufacturing company's stock after selling 17,985 shares during the quarter. National Bank of Canada FI's holdings in Louisiana-Pacific were worth $56,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after buying an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Louisiana-Pacific during the 4th quarter worth $35,000. Versant Capital Management Inc lifted its position in Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Louisiana-Pacific by 65.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after acquiring an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock worth $75,000 after purchasing an additional 259 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

LPX has been the subject of several research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. 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. Truist Financial lifted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a report on Monday, January 6th. DA Davidson decreased their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, BMO Capital Markets raised their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $111.50.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded down $1.16 during mid-day trading on Tuesday, hitting $85.61. The stock had a trading volume of 350,541 shares, compared to its average volume of 751,836. 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 debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The company's 50-day simple moving average is $95.75 and its 200-day simple moving average is $104.99. The firm has a market cap of $5.97 billion, a PE ratio of 14.56, a PEG ratio of 1.24 and a beta of 1.86.

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 for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. The company had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. Sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, February 27th. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio is currently 19.05%.

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.