Emerald Mutual Fund Advisers Trust Has $14.87 Million Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Emerald Mutual Fund Advisers Trust reduced its position in Louisiana-Pacific Co. (NYSE:LPX) by 37.7% during the fourth quarter, HoldingsChannel reports. The firm owned 143,629 shares of the building manufacturing company’s stock after selling 87,013 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Louisiana-Pacific were worth $14,873,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in Louisiana-Pacific by 20.0% in the 3rd quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company’s stock worth $3,877,000 after purchasing an additional 6,011 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Louisiana-Pacific during the third quarter valued at approximately $201,000. Arvest Bank Trust Division bought a new stake in Louisiana-Pacific during the third quarter worth $1,000,000. Wilmington Savings Fund Society FSB purchased a new position in Louisiana-Pacific in the third quarter worth $323,000. Finally, Tidal Investments LLC grew its position in Louisiana-Pacific by 35.0% during the third quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company’s stock valued at $3,076,000 after buying an additional 7,419 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LPX. Loop Capital decreased their price target on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 24th. Royal Bank of Canada restated an “outperform” rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Truist Financial cut their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. BMO Capital Markets boosted their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Finally, DA Davidson lowered their target price 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $108.63.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $87.20 on Tuesday. The firm’s 50 day moving average price is $90.90 and its 200-day moving average price is $103.60. The stock has a market capitalization of $6.08 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a twelve month low of $72.06 and a twelve month high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data 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. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.28%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific’s payout ratio is presently 19.05%.

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.