Paradiem LLC Sells 2,160 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Paradiem LLC lessened its position in Louisiana-Pacific Co. (NYSE:LPX) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 60,901 shares of the building manufacturing company’s stock after selling 2,160 shares during the period. Paradiem LLC’s holdings in Louisiana-Pacific were worth $4,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of LPX. Russell Investments Group Ltd. increased its stake in Louisiana-Pacific by 21.8% in the fourth quarter. Russell Investments Group Ltd. now owns 207,684 shares of the building manufacturing company’s stock valued at $14,710,000 after acquiring an additional 37,193 shares during the period. South Dakota Investment Council increased its stake in Louisiana-Pacific by 58.9% in the fourth quarter. South Dakota Investment Council now owns 49,128 shares of the building manufacturing company’s stock valued at $3,480,000 after acquiring an additional 18,203 shares during the period. Larson Financial Group LLC increased its stake in Louisiana-Pacific by 101.2% in the fourth quarter. Larson Financial Group LLC now owns 1,354 shares of the building manufacturing company’s stock valued at $96,000 after acquiring an additional 681 shares during the period. New York State Common Retirement Fund increased its stake in Louisiana-Pacific by 356.1% in the fourth quarter. New York State Common Retirement Fund now owns 311,758 shares of the building manufacturing company’s stock valued at $22,082,000 after acquiring an additional 243,409 shares during the period. Finally, RWA Wealth Partners LLC bought a new stake in Louisiana-Pacific in the fourth quarter valued at about $255,000. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

LPX stock traded down $0.25 during trading hours on Friday, reaching $74.57. The stock had a trading volume of 844,088 shares, compared to its average volume of 868,888. The stock has a market capitalization of $5.39 billion, a PE ratio of 30.44 and a beta of 1.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. The stock has a 50-day simple moving average of $76.62 and a 200 day simple moving average of $68.06. Louisiana-Pacific Co. has a fifty-two week low of $49.47 and a fifty-two week high of $84.54.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $618.60 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. Analysts predict that Louisiana-Pacific Co. will post 4.89 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Thursday, February 22nd. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 42.45%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LPX. TD Securities boosted their price target on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, February 15th. TheStreet lowered shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. Truist Financial boosted their price target on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, DA Davidson restated a “buy” rating and issued a $76.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Louisiana-Pacific currently has an average rating of “Hold” and a consensus price target of $73.71.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the sale, the director now owns 25,995 shares in the company, valued at approximately $2,016,692.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by corporate insiders.

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.