Raymond James Financial Services Advisors Inc. Has $1.02 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Raymond James Financial Services Advisors Inc. lessened its stake in Louisiana-Pacific Co. (NYSE:LPX) by 6.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,456 shares of the building manufacturing company’s stock after selling 955 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Louisiana-Pacific were worth $1,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LPX. Moody National Bank Trust Division acquired a new stake in Louisiana-Pacific during the 4th quarter valued at approximately $458,000. Vest Financial LLC boosted its stake in shares of Louisiana-Pacific by 26.2% in the 4th quarter. Vest Financial LLC now owns 198,516 shares of the building manufacturing company’s stock valued at $14,061,000 after purchasing an additional 41,169 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Louisiana-Pacific during the fourth quarter worth $281,000. Raymond James Trust N.A. bought a new position in Louisiana-Pacific during the fourth quarter worth $206,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Louisiana-Pacific by 29.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 51,629 shares of the building manufacturing company’s stock valued at $2,853,000 after buying an additional 11,891 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

LPX has been the subject of a number of recent analyst reports. Truist Financial increased their price target on Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. TD Securities upped their target price on Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, February 15th. TheStreet downgraded Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, DA Davidson reaffirmed a “buy” rating and set a $76.00 price objective on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $73.71.

Louisiana-Pacific Stock Down 1.7 %

Shares of NYSE:LPX opened at $76.77 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $84.54. The business’s 50 day simple moving average is $75.57 and its two-hundred day simple moving average is $66.78. The firm has a market cap of $5.55 billion, a P/E ratio of 31.33 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. The company had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $618.60 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. Louisiana-Pacific’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. As a group, research analysts forecast that Louisiana-Pacific Co. will post 3.85 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.26 per share. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 42.45%.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the transaction, the director now owns 25,995 shares in the company, valued at approximately $2,016,692.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is currently owned by insiders.

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.