Natixis Takes Position in Louisiana-Pacific Co. (NYSE:LPX)

Natixis acquired a new position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,415 shares of the building manufacturing company's stock, valued at approximately $768,000.

Other large investors have also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in 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 Louisiana-Pacific during the 4th quarter worth $35,000. Versant Capital Management Inc grew its stake in Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after buying an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Louisiana-Pacific by 65.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after buying an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Louisiana-Pacific by 56.2% in the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after buying an additional 259 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded up $0.68 during trading on Monday, reaching $87.21. 241,305 shares of the company traded hands, compared to its average volume of 733,478. The stock has a market cap of $6.08 billion, a P/E ratio of 14.83, a PEG ratio of 1.24 and a beta of 1.86. The firm's fifty day simple moving average is $91.19 and its 200 day simple moving average is $103.73. 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 Co. has a 12-month low of $72.06 and a 12-month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly 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. The company had revenue of $681.00 million during the quarter, compared to analysts' expectations of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. Louisiana-Pacific's quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. As a group, research analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

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

Analyst Upgrades and Downgrades

LPX has been the topic of a number of research analyst reports. Truist Financial dropped their price target on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. BMO Capital Markets upped 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 note on Thursday, February 20th. DA Davidson lowered their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Loop Capital cut their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, February 24th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Louisiana-Pacific currently has a consensus rating of "Hold" and a consensus 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.