Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust reduced its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 37.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,629 shares of the building manufacturing company’s stock after selling 87,013 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.20% of Louisiana-Pacific worth $14,873,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LPX. Vanguard Group Inc. raised its stake in shares of Louisiana-Pacific by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company’s stock worth $733,961,000 after buying an additional 132,891 shares during the last quarter. FMR LLC lifted its holdings in shares of Louisiana-Pacific by 17.1% in the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company’s stock valued at $384,031,000 after purchasing an additional 540,703 shares in the last quarter. Northern Trust Corp increased its stake in shares of Louisiana-Pacific by 27.1% during the 4th quarter. Northern Trust Corp now owns 781,984 shares of the building manufacturing company’s stock worth $80,974,000 after purchasing an additional 166,594 shares in the last quarter. Norges Bank acquired a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $78,181,000. Finally, Bank of New York Mellon Corp grew its holdings in Louisiana-Pacific by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company’s stock valued at $63,554,000 after buying an additional 19,772 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Truist Financial lowered their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. BMO Capital Markets increased their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. TD Securities lowered their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. Finally, Loop Capital decreased their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and an average target price of $108.63.

Louisiana-Pacific Stock Performance

LPX stock opened at $87.20 on Tuesday. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.24 and a beta of 1.86. The firm has a 50 day moving average of $90.90 and a two-hundred day moving average of $103.60. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12 month low of $72.06 and a 12 month high of $122.87.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. The firm had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. As a group, equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.05%.

Louisiana-Pacific 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.