Sherbrooke Park Advisers LLC Sells 4,261 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Sherbrooke Park Advisers LLC lessened its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 32.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,995 shares of the building manufacturing company's stock after selling 4,261 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Louisiana-Pacific were worth $931,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of Louisiana-Pacific by 14.3% in the fourth quarter. Royal Bank of Canada now owns 155,151 shares of the building manufacturing company's stock valued at $16,067,000 after purchasing an additional 19,411 shares in the last quarter. Redwood Investment Management LLC bought a new stake in Louisiana-Pacific during the fourth quarter worth $1,427,000. Point72 Asset Management L.P. lifted its holdings in Louisiana-Pacific by 430.3% during the fourth quarter. Point72 Asset Management L.P. now owns 375,900 shares of the building manufacturing company's stock worth $38,924,000 after acquiring an additional 305,021 shares during the period. Point72 Hong Kong Ltd bought a new stake in Louisiana-Pacific during the fourth quarter worth $2,617,000. Finally, ProShare Advisors LLC lifted its holdings in Louisiana-Pacific by 7.3% during the fourth quarter. ProShare Advisors LLC now owns 2,925 shares of the building manufacturing company's stock worth $303,000 after acquiring an additional 198 shares during the period. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock traded down $0.63 during midday trading on Monday, hitting $94.85. 636,255 shares of the company's stock were exchanged, compared to its average volume of 705,547. Louisiana-Pacific Co. has a 52-week low of $78.82 and a 52-week high of $122.87. The stock has a 50-day moving average price of $89.22 and a two-hundred day moving average price of $102.45. 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 $6.60 billion, a P/E ratio of 16.13, a PEG ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its 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 business had revenue of $724.00 million during the quarter, compared to analysts' expectations of $711.66 million. During the same period in the previous year, the business earned $1.53 earnings per share. The firm's revenue was up .0% on a year-over-year basis. On average, equities research analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio (DPR) is currently 19.65%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank of Canada raised their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. TD Securities decreased their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Loop Capital raised 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, May 7th. BMO Capital Markets raised their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Finally, Truist Financial reduced their price target on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Louisiana-Pacific currently has an average rating of "Hold" and an average price target 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.