Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 84.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,704 shares of the building manufacturing company's stock after selling 35,195 shares during the period. Deutsche Bank AG's holdings in Louisiana-Pacific were worth $694,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $35,000. First Horizon Advisors Inc. increased its stake in shares of Louisiana-Pacific by 56.2% during the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock worth $75,000 after purchasing an additional 259 shares in the last quarter. GeoWealth Management LLC increased its stake 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 worth $97,000 after purchasing an additional 865 shares in the last quarter. Covestor Ltd increased its stake in shares of Louisiana-Pacific by 142.6% during 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Louisiana-Pacific by 136.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,521 shares of the building manufacturing company's stock worth $158,000 after purchasing an additional 879 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Down 0.5%

Shares of NYSE:LPX traded down $0.44 during midday trading on Friday, hitting $90.05. 728,668 shares of the company's stock traded hands, compared to its average volume of 705,067. 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 cap of $6.27 billion, a PE ratio of 15.31, a P/E/G ratio of 1.24 and a beta of 1.94. The firm's fifty day moving average price is $88.97 and its two-hundred day moving average price is $101.31. Louisiana-Pacific Co. has a twelve month low of $78.82 and a twelve month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $711.66 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 .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 EPS. On average, equities research analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio (DPR) is 19.65%.

Analyst Ratings Changes

LPX has been the subject of a number of recent research reports. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. BMO Capital Markets lifted their target price 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. DA Davidson lowered their target price 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. Truist Financial lowered their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Louisiana-Pacific has an average rating of "Hold" and an average target price of $107.38.

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.