Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Shelton Capital Management

Shelton Capital Management reduced its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 5.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,356 shares of the building manufacturing company’s stock after selling 147 shares during the period. Shelton Capital Management’s holdings in Louisiana-Pacific were worth $244,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in Louisiana-Pacific by 98.8% in the 4th 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 period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Louisiana-Pacific in the fourth quarter valued at about $35,000. Versant Capital Management Inc increased its stake in shares of Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the period. Harbor Capital Advisors Inc. raised its holdings 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 worth $61,000 after purchasing an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Louisiana-Pacific by 56.2% in 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 institutional investors and hedge funds.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $86.20 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.01 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The firm has a 50-day moving average price of $97.62 and a two-hundred day moving average price of $105.41. Louisiana-Pacific Co. has a twelve month low of $71.39 and a twelve month high of $122.87.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. During the same period last year, the company posted $0.71 EPS. The company’s revenue was up 3.5% on a year-over-year basis. As a group, research analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LPX shares. Royal Bank of Canada reissued an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. BMO Capital Markets increased their price objective 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. TD Securities lowered their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. 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 research note on Monday, January 6th. Finally, Loop Capital lowered their target price on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Hold” and a consensus target price of $111.50.

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.