Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 541,544 shares of the building manufacturing company's stock after selling 6,879 shares during the quarter. Pictet Asset Management Holding SA owned about 0.77% of Louisiana-Pacific worth $56,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Louisiana-Pacific by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock worth $733,961,000 after buying an additional 132,891 shares in the last quarter. FMR LLC raised its holdings 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 acquiring an additional 638,058 shares during the last quarter. State Street Corp lifted its stake in Louisiana-Pacific by 10.8% in the 3rd quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock worth $231,529,000 after purchasing an additional 210,113 shares in the last quarter. Norges Bank acquired a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $78,181,000. Finally, Bank of New York Mellon Corp grew its position in shares of Louisiana-Pacific by 3.3% in the fourth quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company's stock valued at $63,554,000 after purchasing an additional 19,772 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

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Wall Street Analysts Forecast Growth

LPX has been the topic of a number of analyst reports. TD Securities reduced their price objective 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 reissued an "outperform" rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. DA Davidson dropped 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. 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, Truist Financial increased their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $111.50.

Louisiana-Pacific Stock Down 6.5 %

Louisiana-Pacific stock traded down $6.10 during trading on Thursday, reaching $87.59. The stock had a trading volume of 102,989 shares, compared to its average volume of 662,610. Louisiana-Pacific Co. has a 52-week low of $71.39 and a 52-week high of $122.87. The business has a 50 day moving average price of $102.52 and a 200 day moving average price of $106.43. 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 $6.10 billion, a PE ratio of 14.90, a P/E/G ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company's revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.28%. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio (DPR) is presently 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.