Federated Hermes Inc. Sells 2,499 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Federated Hermes Inc. decreased its position in Louisiana-Pacific Co. (NYSE:LPX) by 31.6% during the 4th quarter, HoldingsChannel reports. The fund owned 5,412 shares of the building manufacturing company’s stock after selling 2,499 shares during the quarter. Federated Hermes Inc.’s holdings in Louisiana-Pacific were worth $383,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LPX. Larson Financial Group LLC bought a new stake in Louisiana-Pacific in the third quarter valued at approximately $37,000. Simplicity Solutions LLC acquired a new stake in Louisiana-Pacific during the 4th quarter valued at $204,000. Raymond James Trust N.A. bought a new position in Louisiana-Pacific during the fourth quarter worth $206,000. Strategic Investment Advisors MI acquired a new position in shares of Louisiana-Pacific in the third quarter valued at $224,000. Finally, Handelsinvest Investeringsforvaltning acquired a new position in shares of Louisiana-Pacific in the fourth quarter valued at $281,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $74.30 on Friday. 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 stock has a market capitalization of $5.37 billion, a P/E ratio of 30.33 and a beta of 1.87. The stock has a fifty day moving average of $77.05 and a 200-day moving average of $68.76.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $618.60 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, sell-side analysts expect that Louisiana-Pacific Co. will post 4.89 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.40%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 22nd. Louisiana-Pacific’s payout ratio is presently 42.45%.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $77.58, for a total value of $193,950.00. Following the sale, the director now owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. TD Securities lifted their target price on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. Royal Bank of Canada upped their target price on Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. DA Davidson reiterated a “buy” rating and set a $76.00 price objective on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. TheStreet cut shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. Finally, TD Cowen reiterated a “hold” rating and issued a $75.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, January 11th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.75.

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.