Louisiana-Pacific Co. (NYSE:LPX) Stock Position Reduced by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 28.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,217 shares of the building manufacturing company's stock after selling 20,229 shares during the quarter. Bank of Montreal Can owned approximately 0.07% of Louisiana-Pacific worth $5,200,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of Louisiana-Pacific by 17.1% during the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock worth $384,031,000 after purchasing an additional 540,703 shares during the period. Federated Hermes Inc. increased its position in Louisiana-Pacific by 3.9% in the fourth quarter. Federated Hermes Inc. now owns 8,471 shares of the building manufacturing company's stock worth $877,000 after buying an additional 319 shares during the period. Aster Capital Management DIFC Ltd lifted its stake in Louisiana-Pacific by 796.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,972 shares of the building manufacturing company's stock valued at $411,000 after buying an additional 3,529 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Louisiana-Pacific by 7.0% during the fourth quarter. Russell Investments Group Ltd. now owns 214,970 shares of the building manufacturing company's stock valued at $22,260,000 after acquiring an additional 14,075 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Louisiana-Pacific by 217.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 144,786 shares of the building manufacturing company's stock worth $14,993,000 after acquiring an additional 99,172 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

LPX has been the subject of a number of analyst reports. BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Loop Capital decreased their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a report on Monday, February 24th. TD Securities cut their target price 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. DA Davidson lowered their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, Truist Financial upped their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific has an average rating of "Hold" and a consensus target price of $111.50.

Louisiana-Pacific Trading Up 0.4 %

Shares of Louisiana-Pacific stock traded up $0.31 on Friday, reaching $84.14. 394,270 shares of the company were exchanged, compared to its average volume of 746,775. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a fifty-two week low of $71.39 and a fifty-two week high of $122.87. The firm has a market capitalization 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 has a fifty day moving average price of $94.51 and a 200-day moving average price of $104.68.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. The company had revenue of $681.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed 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 represents a $1.12 annualized dividend and a yield of 1.33%. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific's payout ratio is presently 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.