Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 146,900 shares of the building manufacturing company’s stock after selling 35,700 shares during the period. Canada Pension Plan Investment Board owned approximately 0.21% of Louisiana-Pacific worth $15,211,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LPX. Hanseatic Management Services Inc. increased its position in Louisiana-Pacific by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock worth $97,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Louisiana-Pacific by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock valued at $1,802,000 after buying an additional 100 shares during the period. Woodmont Investment Counsel LLC lifted its holdings in Louisiana-Pacific by 3.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock valued at $337,000 after acquiring an additional 100 shares during the last quarter. CIBC Asset Management Inc grew its position in Louisiana-Pacific by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock worth $228,000 after acquiring an additional 114 shares during the period. Finally, Stratos Wealth Partners LTD. increased its stake in Louisiana-Pacific by 5.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company’s stock worth $242,000 after acquiring an additional 124 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LPX. Truist Financial increased their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. DA Davidson lowered 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 report on Thursday, February 20th. TD Securities decreased their price target on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. Finally, Loop Capital dropped their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $111.50.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $84.14 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The stock’s 50-day moving average is $93.90 and its two-hundred day moving average is $104.48. Louisiana-Pacific Co. has a 1-year low of $71.95 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. 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.