DekaBank Deutsche Girozentrale Sells 881 Shares of Louisiana-Pacific Co. (NYSE:LPX)

DekaBank Deutsche Girozentrale cut its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 11.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,073 shares of the building manufacturing company’s stock after selling 881 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Louisiana-Pacific were worth $504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. First Trust Advisors LP boosted its holdings in Louisiana-Pacific by 6.3% in the 1st quarter. First Trust Advisors LP now owns 3,323,863 shares of the building manufacturing company’s stock worth $180,187,000 after buying an additional 196,459 shares during the period. State Street Corp boosted its holdings in Louisiana-Pacific by 2.1% in the 1st quarter. State Street Corp now owns 2,441,912 shares of the building manufacturing company’s stock worth $151,692,000 after buying an additional 50,575 shares during the period. Invesco Ltd. boosted its holdings in Louisiana-Pacific by 1.9% in the 1st quarter. Invesco Ltd. now owns 1,016,035 shares of the building manufacturing company’s stock worth $63,115,000 after buying an additional 18,612 shares during the period. Geode Capital Management LLC boosted its holdings in Louisiana-Pacific by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 1,014,077 shares of the building manufacturing company’s stock worth $54,973,000 after buying an additional 21,996 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Louisiana-Pacific by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 798,267 shares of the building manufacturing company’s stock valued at $41,837,000 after purchasing an additional 7,301 shares during the period. 94.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LPX. TD Securities raised their price target on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, February 15th. TheStreet downgraded shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. Truist Financial raised their price target on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, January 4th. DA Davidson reissued a “buy” rating and issued a $76.00 price target on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Finally, Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $73.71.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $75.27 on Tuesday. The company’s fifty day moving average is $75.77 and its 200 day moving average is $66.91. Louisiana-Pacific Co. has a 52 week low of $49.47 and a 52 week high of $84.54. The stock has a market cap of $5.44 billion, a PE ratio of 30.72 and a beta of 1.84. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22.

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

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $0.26 dividend. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.38%. Louisiana-Pacific’s payout ratio is presently 42.45%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $77.58, for a total value of $193,950.00. Following the transaction, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.53% of the company’s stock.

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.