Metis Global Partners LLC Sells 223 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Metis Global Partners LLC lessened its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,287 shares of the building manufacturing company’s stock after selling 223 shares during the period. Metis Global Partners LLC’s holdings in Louisiana-Pacific were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LPX. UMB Bank n.a. grew its holdings in shares of Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Louisiana-Pacific during the fourth quarter worth approximately $35,000. Versant Capital Management Inc raised 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 valued at $36,000 after acquiring an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Louisiana-Pacific in the third quarter valued at approximately $38,000. Finally, Covestor Ltd grew its stake in Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $95.17 on Wednesday. Louisiana-Pacific Co. has a 12-month low of $71.39 and a 12-month high of $122.87. The business’s fifty day simple moving average is $109.36 and its 200-day simple moving average is $106.85. 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 cap of $6.63 billion, a PE ratio of 16.18, a PEG ratio of 1.24 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.24. The company had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. 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 will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a $0.28 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.05%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. TD Securities lowered their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Truist Financial boosted their price target 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 objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, Loop Capital cut their price target on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.50.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now directly owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.26% of the stock is owned by company insiders.

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.