Algert Global LLC Sells 93,109 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Algert Global LLC reduced its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 48.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 99,023 shares of the building manufacturing company's stock after selling 93,109 shares during the quarter. Algert Global LLC owned about 0.14% of Louisiana-Pacific worth $10,254,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC increased its holdings in shares of Louisiana-Pacific by 20.0% in the 3rd quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company's stock worth $3,877,000 after buying an additional 6,011 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Louisiana-Pacific during the third quarter worth approximately $323,000. Tidal Investments LLC raised its position in Louisiana-Pacific by 35.0% during the third quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company's stock valued at $3,076,000 after purchasing an additional 7,419 shares during the period. Franklin Resources Inc. lifted its stake in shares of Louisiana-Pacific by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company's stock valued at $51,984,000 after purchasing an additional 30,297 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after purchasing an additional 214 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LPX. TD Securities lowered their price target 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. BMO Capital Markets lifted 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. Loop Capital reduced their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, February 24th. DA Davidson decreased 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 note on Thursday, February 20th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific has an average rating of "Hold" and a consensus target price of $108.63.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $87.52 on Friday. 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 $6.10 billion, a PE ratio of 14.88, a P/E/G ratio of 1.24 and a beta of 1.94. The company has a 50 day moving average price of $89.86 and a 200-day moving average price of $103.13. Louisiana-Pacific Co. has a fifty-two week low of $72.91 and a fifty-two week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. During the same period in the previous year, the company posted $0.71 EPS. Louisiana-Pacific's revenue was up 3.5% on a year-over-year basis. As a group, equities analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.28 per share. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.28%. 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.

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