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

Deutsche Bank AG trimmed its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 84.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,704 shares of the building manufacturing company's stock after selling 35,195 shares during the quarter. Deutsche Bank AG's holdings in Louisiana-Pacific were worth $694,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truist Financial Corp lifted its holdings in Louisiana-Pacific by 47.3% during the 4th quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company's stock valued at $1,010,000 after buying an additional 3,129 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new stake in Louisiana-Pacific during the 4th quarter worth approximately $259,000. Victory Capital Management Inc. lifted its stake in Louisiana-Pacific by 23.8% during the 4th quarter. Victory Capital Management Inc. now owns 167,439 shares of the building manufacturing company's stock valued at $17,338,000 after acquiring an additional 32,210 shares during the period. New York Life Investment Management LLC purchased a new position in Louisiana-Pacific during the fourth quarter valued at approximately $699,000. Finally, Monument Capital Management acquired a new stake in Louisiana-Pacific during the fourth quarter valued at $2,382,000. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Trading Down 0.5%

NYSE:LPX traded down $0.44 during trading hours on Friday, reaching $90.05. 728,668 shares of the company were exchanged, compared to its average volume of 707,658. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.24 and a beta of 1.94. The stock has a 50 day simple moving average of $89.07 and a 200 day simple moving average of $101.62. Louisiana-Pacific Co. has a 52-week low of $78.82 and a 52-week 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.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. The business had revenue of $724.00 million for the quarter, compared to the consensus estimate of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.53 EPS. As a group, analysts predict that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LPX shares. DA Davidson decreased their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Truist Financial reduced their target price on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. TD Securities decreased their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets increased their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Finally, Royal Bank of Canada lifted their target price 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. 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 stock. According to MarketBeat, Louisiana-Pacific has an average rating of "Hold" and a consensus target price of $107.38.

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.