Foster & Motley Inc. Has $416,000 Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Foster & Motley Inc. trimmed its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,868 shares of the building manufacturing company’s stock after selling 335 shares during the period. Foster & Motley Inc.’s holdings in Louisiana-Pacific were worth $416,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in shares of Louisiana-Pacific in the third quarter valued at $37,000. Signaturefd LLC increased its position in Louisiana-Pacific by 232.9% in the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock valued at $56,000 after acquiring an additional 552 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Louisiana-Pacific during the third quarter worth approximately $94,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Louisiana-Pacific during the third quarter worth approximately $130,000. Finally, Simplicity Solutions LLC acquired a new stake in shares of Louisiana-Pacific in the fourth quarter valued at approximately $204,000. Institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the transaction, the director now directly owns 25,995 shares of the company’s stock, valued at approximately $2,016,692.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.26% of the stock is currently owned by company insiders.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $75.20 on Thursday. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $84.54. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $5.44 billion, a PE ratio of 30.69 and a beta of 1.84. The stock’s fifty day simple moving average is $76.30 and its 200 day simple moving average is $67.70.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.17. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $618.60 million. During the same quarter in the previous year, the business posted $0.61 EPS. Louisiana-Pacific’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, research analysts predict that Louisiana-Pacific Co. will post 4.47 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. 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 is 42.45%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LPX shares. TD Securities upped their price objective on Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. Truist Financial raised their price target on Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, January 4th. DA Davidson reissued a “buy” rating and set a $76.00 price objective on shares of Louisiana-Pacific in a report on Tuesday, February 13th. TD Cowen reaffirmed a “hold” rating and issued a $75.00 target price on shares of Louisiana-Pacific in a research note on Thursday, January 11th. Finally, Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Four 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, the company has a consensus rating of “Hold” and a consensus price target of $73.71.

Louisiana-Pacific Company 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.