Berkshire Hathaway Inc Sells 300,000 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Berkshire Hathaway Inc reduced its stake in Louisiana-Pacific Co. (NYSE:LPX) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,664,793 shares of the building manufacturing company’s stock after selling 300,000 shares during the quarter. Louisiana-Pacific comprises approximately 0.2% of Berkshire Hathaway Inc’s holdings, making the stock its 27th largest position. Berkshire Hathaway Inc owned 0.08% of Louisiana-Pacific worth $586,589,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. UMB Bank n.a. raised its stake in Louisiana-Pacific by 98.8% during the fourth 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 last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Louisiana-Pacific during the fourth quarter valued at $35,000. Versant Capital Management Inc raised its position in shares of Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Louisiana-Pacific by 65.0% in the 4th 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. grew its position in Louisiana-Pacific by 56.2% during the 4th 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 last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Stock Up 1.2 %

Shares of LPX stock opened at $87.52 on Friday. The company has a 50 day simple moving average of $89.86 and a two-hundred day simple moving average of $103.13. The stock has a market cap of $6.10 billion, a P/E ratio of 14.88, a P/E/G ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a 12 month low of $72.91 and a 12 month high of $122.87. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same period in the previous year, the business earned $0.71 earnings per share. Louisiana-Pacific’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.28 dividend. 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 dividend payout ratio is currently 19.05%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. TD Securities decreased their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, February 20th. BMO Capital Markets lifted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. DA Davidson decreased their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Truist Financial dropped their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Loop Capital lowered their price objective 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 issued a buy rating to the company. According to data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $108.63.

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.