Securian Asset Management Inc. Cuts Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Securian Asset Management Inc. lessened its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,725 shares of the building manufacturing company’s stock after selling 138 shares during the period. Securian Asset Management Inc.’s holdings in Louisiana-Pacific were worth $489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KBC Group NV grew its holdings in shares of Louisiana-Pacific by 4.2% during the 3rd quarter. KBC Group NV now owns 7,758 shares of the building manufacturing company’s stock worth $834,000 after purchasing an additional 316 shares during the period. Metis Global Partners LLC lifted its position in Louisiana-Pacific by 114.7% during the third quarter. Metis Global Partners LLC now owns 6,510 shares of the building manufacturing company’s stock valued at $700,000 after buying an additional 3,478 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Louisiana-Pacific during the third quarter worth approximately $224,000. Empowered Funds LLC increased its position in shares of Louisiana-Pacific by 238.1% in the third quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock worth $2,136,000 after acquiring an additional 14,001 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Louisiana-Pacific by 58.9% during the 3rd quarter. Quest Partners LLC now owns 9,530 shares of the building manufacturing company’s stock valued at $1,024,000 after acquiring an additional 3,533 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LPX shares. Loop Capital lowered their price target on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 24th. Truist Financial raised their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. DA Davidson decreased their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, TD Securities decreased their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific currently has an average rating of “Hold” and a consensus target price of $111.50.

Louisiana-Pacific Trading Up 2.1 %

LPX opened at $93.52 on Tuesday. The stock has a market capitalization of $6.52 billion, a PE ratio of 15.90, a P/E/G ratio of 1.24 and a beta of 2.02. 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 Co. has a 12-month low of $71.39 and a 12-month high of $122.87. The firm’s fifty day moving average price is $107.16 and its 200 day moving average price is $106.66.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.28 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.20%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.05%.

Louisiana-Pacific 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.