Cerity Partners LLC Cuts Stake in Louisiana-Pacific Co. (NYSE:LPX)

Cerity Partners LLC reduced its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 40.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,995 shares of the building manufacturing company's stock after selling 32,341 shares during the period. Cerity Partners LLC owned approximately 0.07% of Louisiana-Pacific worth $5,143,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new position in Louisiana-Pacific in the 4th quarter worth about $78,181,000. FMR LLC lifted its stake 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 worth $384,031,000 after buying an additional 540,703 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Louisiana-Pacific by 215.0% during the fourth quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company's stock valued at $48,686,000 after buying an additional 320,912 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Louisiana-Pacific by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock valued at $733,961,000 after acquiring an additional 132,891 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Louisiana-Pacific by 217.4% in the 4th 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. 94.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a report 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 report on Thursday, February 20th. Truist Financial upped their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, January 6th. 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. Finally, Loop Capital lowered 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. Two equities research 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $111.50.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded up $0.31 during midday trading on Friday, hitting $84.14. The company had a trading volume of 394,270 shares, compared to its average volume of 746,941. The company has a fifty day moving average of $94.51 and a two-hundred day moving average of $104.68. Louisiana-Pacific Co. has a 12-month low of $71.39 and a 12-month high of $122.87. 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 company has a market cap of $5.86 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.24 and a beta of 1.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. On average, equities research analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.33%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 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.