William Blair Investment Management LLC Has $109.84 Million Stake in Louisiana-Pacific Co. (NYSE:LPX)

William Blair Investment Management LLC trimmed its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,060,762 shares of the building manufacturing company’s stock after selling 27,703 shares during the period. William Blair Investment Management LLC’s holdings in Louisiana-Pacific were worth $109,842,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LPX. UMB Bank n.a. lifted its position in shares of Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after purchasing an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific during the fourth quarter worth approximately $35,000. Versant Capital Management Inc raised its stake in shares of Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after buying an additional 214 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Louisiana-Pacific by 77.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock worth $50,000 after buying an additional 201 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Louisiana-Pacific by 65.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock worth $61,000 after buying an additional 232 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. TD Securities dropped their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. DA Davidson dropped their price target 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. BMO Capital Markets boosted their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Royal Bank of Canada reissued an “outperform” rating and set a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, Truist Financial boosted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.50.

Louisiana-Pacific Stock Up 2.1 %

Shares of NYSE:LPX opened at $93.52 on Tuesday. Louisiana-Pacific Co. has a 52 week low of $71.39 and a 52 week high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The company has a market capitalization of $6.52 billion, a PE ratio of 15.90, a PEG ratio of 1.24 and a beta of 2.02. The company has a 50 day moving average price of $107.16 and a two-hundred day moving average price of $106.66.

Louisiana-Pacific (NYSE:LPX) last released its quarterly 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. The company had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. Analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, February 27th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio is 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.