Hsbc Holdings PLC Sells 9,395 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Hsbc Holdings PLC lessened its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 42.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,487 shares of the building manufacturing company's stock after selling 9,395 shares during the period. Hsbc Holdings PLC's holdings in Louisiana-Pacific were worth $1,295,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. increased its holdings in Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after buying an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Louisiana-Pacific in the 4th quarter worth $35,000. Versant Capital Management Inc raised its holdings in 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. Harbor Capital Advisors Inc. lifted its position in Louisiana-Pacific by 65.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after purchasing an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after purchasing an additional 259 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Price Performance

LPX stock traded down $0.03 during trading on Wednesday, hitting $90.38. 720,991 shares of the company's stock traded hands, compared to its average volume of 740,554. Louisiana-Pacific Co. has a 52 week low of $72.91 and a 52 week high of $122.87. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 1.24 and a beta of 1.94. The business has a fifty day simple moving average of $89.43 and a 200 day simple moving average of $102.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86.

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

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio is presently 19.05%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LPX shares. BMO Capital Markets increased their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Truist Financial cut their price target on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. DA Davidson lowered their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Wednesday. Finally, TD Securities lowered their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Louisiana-Pacific currently has an average rating of "Hold" and a consensus price target 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.