Sei Investments Co. Reduces Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Sei Investments Co. reduced its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,329 shares of the building manufacturing company's stock after selling 4,248 shares during the period. Sei Investments Co.'s holdings in Louisiana-Pacific were worth $862,000 at the end of the most recent reporting period.

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

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Analysts Set New Price Targets

Several brokerages recently commented on LPX. Loop Capital cut their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, February 24th. BMO Capital Markets raised their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. 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. TD Securities dropped their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Finally, DA Davidson dropped their price objective 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of "Hold" and an average target price of $111.50.

Louisiana-Pacific Trading Up 0.7 %

LPX traded up $0.56 during midday trading on Friday, hitting $86.20. The company's stock had a trading volume of 469,340 shares, compared to its average volume of 754,319. Louisiana-Pacific Co. has a 52-week low of $71.39 and a 52-week high of $122.87. The firm has a 50-day moving average price of $97.01 and a two-hundred day moving average price of $105.27. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.01 billion, a P/E ratio of 14.66, a PEG ratio of 1.24 and a beta of 1.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same period last year, the company posted $0.71 EPS. The business's quarterly revenue was up 3.5% on a year-over-year basis. On average, research 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 announced 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 is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.30%. Louisiana-Pacific's payout ratio is presently 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.