Baker Ellis Asset Management LLC Trims Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Baker Ellis Asset Management LLC trimmed its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,260 shares of the building manufacturing company’s stock after selling 315 shares during the period. Baker Ellis Asset Management LLC owned 0.05% of Louisiana-Pacific worth $3,335,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Louisiana-Pacific in the fourth quarter worth about $35,000. UMB Bank n.a. lifted its position in Louisiana-Pacific by 76.1% during the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company’s stock worth $52,000 after acquiring an additional 242 shares during the period. First Horizon Advisors Inc. lifted its position in Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock valued at $75,000 after purchasing an additional 259 shares during the period. GeoWealth Management LLC increased its holdings in shares of Louisiana-Pacific by 1,184.9% during the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company’s stock valued at $97,000 after purchasing an additional 865 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Louisiana-Pacific by 142.6% in the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company’s stock worth $108,000 after purchasing an additional 613 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on LPX. Loop Capital raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Wednesday, May 7th. TD Securities cut their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. DA Davidson decreased their target price on 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 lifted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada increased their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $107.38.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $90.68 on Wednesday. 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 firm has a market cap of $6.31 billion, a P/E ratio of 15.42, a PEG ratio of 1.24 and a beta of 1.89. The stock’s 50-day moving average is $88.89 and its two-hundred day moving average is $100.33. Louisiana-Pacific Co. has a fifty-two week low of $78.82 and a fifty-two week high of $122.87.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.14. The business had revenue of $724.00 million during the quarter, compared to analysts’ expectations of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $1.53 earnings per share. Analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were paid a $0.28 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.24%. Louisiana-Pacific’s payout ratio is currently 19.65%.

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.