Pictet Asset Management Holding SA Has $56.08 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Pictet Asset Management Holding SA trimmed its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 541,544 shares of the building manufacturing company’s stock after selling 6,879 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Louisiana-Pacific were worth $56,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. increased its holdings in shares of Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after buying an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Louisiana-Pacific during the 4th quarter worth $35,000. Versant Capital Management Inc increased 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 in the last quarter. Harbor Capital Advisors Inc. raised its position in Louisiana-Pacific by 65.0% in 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 during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of 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 in the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

LPX stock opened at $91.67 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $103.96 and its 200 day simple moving average is $106.50. Louisiana-Pacific Co. has a 12-month low of $71.39 and a 12-month high of $122.87. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.22%. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.05%.

Wall Street Analysts Forecast Growth

LPX has been the subject of several recent research reports. Truist Financial raised their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. DA Davidson dropped their price target 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. Loop Capital reduced their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 24th. 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 report on Thursday, February 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Louisiana-Pacific currently has an average rating of “Hold” and an average price target of $111.50.

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.